This property looks like a bad Mid-Term investment with a projected -10.54% first-year return on $112k initial cash invested.
-10.54%
Cash On Cash
4.3%
Cap Rate
0.65
DSCR
$3,450
Rent
-$981
Cashflow
Cash Flow
$3,450 income − $4,431 expenses = $981 out of pocket
Investment Breakdown
|
Purchase Price
$446k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,180
Closing costs
1%
$4,459
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,450
Total Expenses
$4,431
Mortgage P&I
71%
$2,439
Property Taxes
18%
$626
Home Insurance
5%
$158
HOA
1%
$34
Property Management
12%
$414
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$380