This property looks like a bad Mid-Term investment with a projected -7.73% first-year return on $112k initial cash invested.
-7.73%
Cash On Cash
5.02%
Cap Rate
0.76
DSCR
$3,290
Rent
-$722
Cashflow
Cash Flow
$3,290 income − $4,012 expenses = $722 out of pocket
Investment Breakdown
|
Purchase Price
$448k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,560
Closing costs
1%
$4,478
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,290
Total Expenses
$4,012
Mortgage P&I
75%
$2,463
Property Taxes
9%
$282
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$395
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$362