This property looks like a bad Mid-Term investment with a projected -6.34% first-year return on $112k initial cash invested.
-6.34%
Cash On Cash
5.33%
Cap Rate
0.81
DSCR
$3,502
Rent
-$592
Cashflow
Cash Flow
$3,502 income − $4,094 expenses = $592 out of pocket
Investment Breakdown
|
Purchase Price
$448k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,640
Closing costs
1%
$4,482
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,502
Total Expenses
$4,094
Mortgage P&I
70%
$2,443
Property Taxes
9%
$303
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$420
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$385