This property looks like a bad Mid-Term investment with a projected -8.72% first-year return on $112k initial cash invested.
-8.72%
Cash On Cash
4.85%
Cap Rate
0.72
DSCR
$3,070
Rent
-$814
Cashflow
Cash Flow
$3,070 income − $3,884 expenses = $814 out of pocket
Investment Breakdown
|
Purchase Price
$448k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,540
Closing costs
1%
$4,477
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,070
Total Expenses
$3,884
Mortgage P&I
82%
$2,502
Property Taxes
6%
$180
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$368
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$338