This property looks like a bad Mid-Term investment with a projected -7.83% first-year return on $112k initial cash invested.
-7.83%
Cash On Cash
4.9%
Cap Rate
0.75
DSCR
$3,284
Rent
-$733
Cashflow
Cash Flow
$3,284 income − $4,017 expenses = $733 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,800
Closing costs
1%
$4,490
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,284
Total Expenses
$4,017
Mortgage P&I
74%
$2,435
Property Taxes
9%
$305
Home Insurance
5%
$161
HOA
0%
$0
Property Management
12%
$394
CapEx
4%
$131
Vacancy
3%
$99
Maintenance
4%
$131
Other
11%
$361