This property looks like a bad Mid-Term investment with a projected -10.89% first-year return on $111k initial cash invested.
-10.89%
Cash On Cash
4.25%
Cap Rate
0.64
DSCR
$3,292
Rent
-$1,011
Cashflow
Cash Flow
$3,292 income − $4,303 expenses = $1,011 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,980
Closing costs
1%
$4,449
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,292
Total Expenses
$4,303
Mortgage P&I
75%
$2,453
Property Taxes
17%
$574
Home Insurance
5%
$156
HOA
0%
$0
Property Management
12%
$395
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$362