This property looks like a bad Mid-Term investment with a projected -9.46% first-year return on $112k initial cash invested.
-9.46%
Cash On Cash
4.39%
Cap Rate
0.69
DSCR
$3,318
Rent
-$885
Cashflow
Cash Flow
$3,318 income − $4,203 expenses = $885 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
$3,318
Total Expenses
$4,203
Mortgage P&I
72%
$2,394
Property Taxes
16%
$523
Home Insurance
5%
$157
HOA
0%
$0
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$365