This property looks like a bad Mid-Term investment with a projected -11.88% first-year return on $111k initial cash invested.
-11.88%
Cash On Cash
3.89%
Cap Rate
0.6
DSCR
$3,050
Rent
-$1,103
Cashflow
Cash Flow
$3,050 income − $4,153 expenses = $1,103 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,050
Total Expenses
$4,153
Mortgage P&I
80%
$2,425
Property Taxes
18%
$534
Home Insurance
5%
$156
HOA
0%
$0
Property Management
12%
$366
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336