This property looks like a bad Mid-Term investment with a projected -3.89% first-year return on $112k initial cash invested.
-3.89%
Cash On Cash
6.04%
Cap Rate
0.92
DSCR
$4,334
Rent
-$362
Cashflow
Cash Flow
$4,334 income − $4,696 expenses = $362 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,080
Closing costs
1%
$4,454
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,334
Total Expenses
$4,696
Mortgage P&I
56%
$2,430
Property Taxes
15%
$631
Home Insurance
4%
$158
HOA
0%
$4
Property Management
12%
$520
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$477