This property looks like a bad Mid-Term investment with a projected -7.3% first-year return on $112k initial cash invested.
-7.3%
Cash On Cash
5.02%
Cap Rate
0.78
DSCR
$3,454
Rent
-$679
Cashflow
Cash Flow
$3,454 income − $4,133 expenses = $679 out of pocket
Investment Breakdown
|
Purchase Price
$446k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,198
Closing costs
1%
$4,460
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,454
Total Expenses
$4,133
Mortgage P&I
70%
$2,405
Property Taxes
12%
$398
Home Insurance
5%
$156
HOA
0%
$0
Property Management
12%
$414
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$380