This property looks like a bad Mid-Term investment with a projected -10.37% first-year return on $112k initial cash invested.
-10.37%
Cash On Cash
4.51%
Cap Rate
0.66
DSCR
$2,910
Rent
-$966
Cashflow
Cash Flow
$2,910 income − $3,876 expenses = $966 out of pocket
Investment Breakdown
|
Purchase Price
$447k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,320
Closing costs
1%
$4,466
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,910
Total Expenses
$3,876
Mortgage P&I
87%
$2,529
Property Taxes
7%
$201
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$349
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$320