This property looks like a bad Mid-Term investment with a projected -7.53% first-year return on $111k initial cash invested.
-7.53%
Cash On Cash
5.05%
Cap Rate
0.77
DSCR
$3,357
Rent
-$699
Cashflow
Cash Flow
$3,357 income − $4,056 expenses = $699 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%
$89,000
Closing costs
1%
$4,450
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,357
Total Expenses
$4,056
Mortgage P&I
73%
$2,437
Property Taxes
8%
$262
Home Insurance
5%
$156
HOA
2%
$60
Property Management
12%
$403
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369