This property looks like a bad Mid-Term investment with a projected -4.65% first-year return on $112k initial cash invested.
-4.65%
Cash On Cash
5.74%
Cap Rate
0.89
DSCR
$4,426
Rent
-$434
Cashflow
Cash Flow
$4,426 income − $4,860 expenses = $434 out of pocket
Investment Breakdown
|
Purchase Price
$448k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,500
Closing costs
1%
$4,475
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,426
Total Expenses
$4,860
Mortgage P&I
54%
$2,398
Property Taxes
18%
$796
Home Insurance
4%
$161
HOA
0%
$0
Property Management
12%
$531
CapEx
4%
$177
Vacancy
3%
$133
Maintenance
4%
$177
Other
11%
$487