This property looks like a bad Mid-Term investment with a projected -5.98% first-year return on $112k initial cash invested.
-5.98%
Cash On Cash
5.53%
Cap Rate
0.83
DSCR
$3,556
Rent
-$557
Cashflow
Cash Flow
$3,556 income − $4,113 expenses = $557 out of pocket
Investment Breakdown
|
Purchase Price
$447k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,360
Closing costs
1%
$4,468
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,556
Total Expenses
$4,113
Mortgage P&I
70%
$2,474
Property Taxes
5%
$191
Home Insurance
5%
$175
HOA
2%
$64
Property Management
12%
$427
CapEx
4%
$142
Vacancy
3%
$107
Maintenance
4%
$142
Other
11%
$391