This property looks like a bad Mid-Term investment with a projected -4.35% first-year return on $112k initial cash invested.
-4.35%
Cash On Cash
5.44%
Cap Rate
0.89
DSCR
$3,716
Rent
-$407
Cashflow
Cash Flow
$3,716 income − $4,123 expenses = $407 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,880
Closing costs
1%
$4,494
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,716
Total Expenses
$4,123
Mortgage P&I
62%
$2,294
Property Taxes
11%
$411
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$446
CapEx
4%
$149
Vacancy
3%
$111
Maintenance
4%
$149
Other
11%
$409