This property looks like a bad Mid-Term investment with a projected -4.63% first-year return on $112k initial cash invested.
-4.63%
Cash On Cash
5.74%
Cap Rate
0.88
DSCR
$3,620
Rent
-$430
Cashflow
Cash Flow
$3,620 income − $4,050 expenses = $430 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,080
Closing costs
1%
$4,454
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,620
Total Expenses
$4,050
Mortgage P&I
67%
$2,417
Property Taxes
5%
$187
Home Insurance
4%
$158
HOA
2%
$57
Property Management
12%
$434
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$398