This property looks like a bad Mid-Term investment with a projected -5.84% first-year return on $112k initial cash invested.
-5.84%
Cash On Cash
5.27%
Cap Rate
0.83
DSCR
$3,201
Rent
-$545
Cashflow
Cash Flow
$3,201 income − $3,746 expenses = $545 out of pocket
Investment Breakdown
|
Purchase Price
$448k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,600
Closing costs
1%
$4,480
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,201
Total Expenses
$3,746
Mortgage P&I
74%
$2,383
Property Taxes
4%
$118
Home Insurance
5%
$157
HOA
0%
$0
Property Management
12%
$384
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$352