This property looks like a bad Mid-Term investment with a projected -4.32% first-year return on $112k initial cash invested.
-4.32%
Cash On Cash
5.55%
Cap Rate
0.89
DSCR
$3,470
Rent
-$404
Cashflow
Cash Flow
$3,470 income − $3,874 expenses = $404 out of pocket
Investment Breakdown
|
Purchase Price
$448k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,660
Closing costs
1%
$4,483
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,470
Total Expenses
$3,874
Mortgage P&I
67%
$2,338
Property Taxes
6%
$197
Home Insurance
5%
$159
HOA
0%
$0
Property Management
12%
$416
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$382