This property looks like a bad Mid-Term investment with a projected -2.38% first-year return on $112k initial cash invested.
-2.38%
Cash On Cash
6.56%
Cap Rate
0.97
DSCR
$3,862
Rent
-$221
Cashflow
Cash Flow
$3,862 income − $4,083 expenses = $221 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,862
Total Expenses
$4,083
Mortgage P&I
65%
$2,501
Property Taxes
2%
$68
Home Insurance
4%
$160
HOA
1%
$42
Property Management
12%
$463
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$425