This property looks like a bad Mid-Term investment with a projected -3.05% first-year return on $112k initial cash invested.
-3.05%
Cash On Cash
6.01%
Cap Rate
0.95
DSCR
$4,016
Rent
-$285
Cashflow
Cash Flow
$4,016 income − $4,301 expenses = $285 out of pocket
Investment Breakdown
|
Purchase Price
$447k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,480
Closing costs
1%
$4,474
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,016
Total Expenses
$4,301
Mortgage P&I
59%
$2,366
Property Taxes
10%
$412
Home Insurance
4%
$157
HOA
0%
$0
Property Management
12%
$482
CapEx
4%
$161
Vacancy
3%
$120
Maintenance
4%
$161
Other
11%
$442