This property looks like a bad Mid-Term investment with a projected -5.91% first-year return on $112k initial cash invested.
-5.91%
Cash On Cash
5.02%
Cap Rate
0.81
DSCR
$3,110
Rent
-$551
Cashflow
Cash Flow
$3,110 income − $3,661 expenses = $551 out of pocket
Investment Breakdown
|
Purchase Price
$447k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,400
Closing costs
1%
$4,470
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,110
Total Expenses
$3,661
Mortgage P&I
74%
$2,298
Property Taxes
5%
$151
Home Insurance
5%
$156
HOA
0%
$0
Property Management
12%
$373
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$342