This property looks like a bad Mid-Term investment with a projected -5.04% first-year return on $112k initial cash invested.
-5.04%
Cash On Cash
5.57%
Cap Rate
0.86
DSCR
$3,484
Rent
-$469
Cashflow
Cash Flow
$3,484 income − $3,953 expenses = $469 out of pocket
Investment Breakdown
|
Purchase Price
$447k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,300
Closing costs
1%
$4,465
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,484
Total Expenses
$3,953
Mortgage P&I
69%
$2,404
Property Taxes
6%
$208
Home Insurance
5%
$157
HOA
0%
$0
Property Management
12%
$418
CapEx
4%
$139
Vacancy
3%
$105
Maintenance
4%
$139
Other
11%
$383