This property looks like a bad Mid-Term investment with a projected -5.08% first-year return on $112k initial cash invested.
-5.08%
Cash On Cash
5.83%
Cap Rate
0.88
DSCR
$4,140
Rent
-$473
Cashflow
Cash Flow
$4,140 income − $4,613 expenses = $473 out of pocket
Investment Breakdown
|
Purchase Price
$446k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,260
Closing costs
1%
$4,463
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,140
Total Expenses
$4,613
Mortgage P&I
60%
$2,476
Property Taxes
14%
$571
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$497
CapEx
4%
$166
Vacancy
3%
$124
Maintenance
4%
$166
Other
11%
$455