This property looks like a bad Mid-Term investment with a projected -4.73% first-year return on $112k initial cash invested.
-4.73%
Cash On Cash
5.29%
Cap Rate
0.87
DSCR
$3,465
Rent
-$441
Cashflow
Cash Flow
$3,465 income − $3,906 expenses = $441 out of pocket
Investment Breakdown
|
Purchase Price
$447k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,440
Closing costs
1%
$4,472
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,465
Total Expenses
$3,906
Mortgage P&I
66%
$2,273
Property Taxes
8%
$284
Home Insurance
5%
$170
HOA
0%
$0
Property Management
12%
$416
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$381