This property looks like a bad Mid-Term investment with a projected -14.29% first-year return on $111k initial cash invested.
-14.29%
Cash On Cash
2.92%
Cap Rate
0.47
DSCR
$2,160
Rent
-$1,327
Cashflow
Cash Flow
$2,160 income − $3,487 expenses = $1,327 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$89,000
Closing costs
1%
$4,450
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,160
Total Expenses
$3,487
Mortgage P&I
108%
$2,324
Property Taxes
13%
$273
Home Insurance
7%
$156
HOA
0%
$0
Property Management
12%
$259
CapEx
4%
$86
Vacancy
3%
$65
Maintenance
4%
$86
Other
11%
$238