This property looks like a bad Mid-Term investment with a projected -5.24% first-year return on $111k initial cash invested.
-5.24%
Cash On Cash
5.57%
Cap Rate
0.86
DSCR
$3,618
Rent
-$487
Cashflow
Cash Flow
$3,618 income − $4,105 expenses = $487 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,618
Total Expenses
$4,105
Mortgage P&I
67%
$2,408
Property Taxes
9%
$310
Home Insurance
4%
$156
HOA
0%
$0
Property Management
12%
$434
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$398