This property looks like a bad Mid-Term investment with a projected -7.94% first-year return on $112k initial cash invested.
-7.94%
Cash On Cash
4.65%
Cap Rate
0.74
DSCR
$3,039
Rent
-$743
Cashflow
Cash Flow
$3,039 income − $3,782 expenses = $743 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,800
Closing costs
1%
$4,490
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,039
Total Expenses
$3,782
Mortgage P&I
78%
$2,362
Property Taxes
8%
$229
Home Insurance
5%
$157
HOA
0%
$0
Property Management
12%
$365
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$334