This property looks like a bad Mid-Term investment with a projected -17.38% first-year return on $111k initial cash invested.
-17.38%
Cash On Cash
2.48%
Cap Rate
0.37
DSCR
$1,576
Rent
-$1,614
Cashflow
Cash Flow
$1,576 income − $3,190 expenses = $1,614 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$89,000
Closing costs
1%
$4,450
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,576
Total Expenses
$3,190
Mortgage P&I
157%
$2,471
Property Taxes
2%
$28
Home Insurance
10%
$156
HOA
0%
$0
Property Management
12%
$189
CapEx
4%
$63
Vacancy
3%
$47
Maintenance
4%
$63
Other
11%
$173