This property looks like a bad Mid-Term investment with a projected -7.29% first-year return on $112k initial cash invested.
-7.29%
Cash On Cash
4.9%
Cap Rate
0.77
DSCR
$3,036
Rent
-$682
Cashflow
Cash Flow
$3,036 income − $3,718 expenses = $682 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,036
Total Expenses
$3,718
Mortgage P&I
79%
$2,396
Property Taxes
4%
$134
Home Insurance
5%
$157
HOA
0%
$0
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$334