This property looks like a bad Mid-Term investment with a projected -4.99% first-year return on $112k initial cash invested.
-4.99%
Cash On Cash
5.94%
Cap Rate
0.88
DSCR
$3,918
Rent
-$465
Cashflow
Cash Flow
$3,918 income − $4,383 expenses = $465 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%
$89,440
Closing costs
1%
$4,472
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,918
Total Expenses
$4,383
Mortgage P&I
64%
$2,521
Property Taxes
10%
$373
Home Insurance
4%
$156
HOA
0%
$0
Property Management
12%
$470
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$431