This property looks like a bad Mid-Term investment with a projected -7.34% first-year return on $112k initial cash invested.
-7.34%
Cash On Cash
5.13%
Cap Rate
0.78
DSCR
$3,429
Rent
-$682
Cashflow
Cash Flow
$3,429 income − $4,111 expenses = $682 out of pocket
Investment Breakdown
|
Purchase Price
$446k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,100
Closing costs
1%
$4,455
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,429
Total Expenses
$4,111
Mortgage P&I
71%
$2,448
Property Taxes
10%
$340
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$411
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$377