This property looks like a bad Mid-Term investment with a projected -13.05% first-year return on $112k initial cash invested.
-13.05%
Cash On Cash
3.72%
Cap Rate
0.56
DSCR
$3,250
Rent
-$1,221
Cashflow
Cash Flow
$3,250 income − $4,471 expenses = $1,221 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,800
Closing costs
1%
$4,490
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,250
Total Expenses
$4,471
Mortgage P&I
76%
$2,484
Property Taxes
22%
$724
Home Insurance
5%
$157
HOA
0%
$0
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358