This property looks like a bad Mid-Term investment with a projected -5.09% first-year return on $112k initial cash invested.
-5.09%
Cash On Cash
5.58%
Cap Rate
0.86
DSCR
$3,501
Rent
-$474
Cashflow
Cash Flow
$3,501 income − $3,975 expenses = $474 out of pocket
Investment Breakdown
|
Purchase Price
$447k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,360
Closing costs
1%
$4,468
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,501
Total Expenses
$3,975
Mortgage P&I
69%
$2,413
Property Taxes
6%
$208
Home Insurance
5%
$164
HOA
0%
$0
Property Management
12%
$420
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$385