This property looks like a bad Mid-Term investment with a projected -8.89% first-year return on $112k initial cash invested.
-8.89%
Cash On Cash
4.58%
Cap Rate
0.71
DSCR
$3,398
Rent
-$829
Cashflow
Cash Flow
$3,398 income − $4,227 expenses = $829 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%
$89,400
Closing costs
1%
$4,470
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,398
Total Expenses
$4,227
Mortgage P&I
71%
$2,398
Property Taxes
8%
$267
Home Insurance
5%
$156
HOA
7%
$250
Property Management
12%
$408
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$374