This property looks like a bad Mid-Term investment with a projected -6.98% first-year return on $111k initial cash invested.
-6.98%
Cash On Cash
5.34%
Cap Rate
0.79
DSCR
$3,315
Rent
-$648
Cashflow
Cash Flow
$3,315 income − $3,963 expenses = $648 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,315
Total Expenses
$3,963
Mortgage P&I
75%
$2,496
Property Taxes
6%
$183
Home Insurance
5%
$156
HOA
0%
$0
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$99
Maintenance
4%
$133
Other
11%
$365