This property looks like a bad Mid-Term investment with a projected -7.13% first-year return on $111k initial cash invested.
-7.13%
Cash On Cash
5.17%
Cap Rate
0.79
DSCR
$3,538
Rent
-$662
Cashflow
Cash Flow
$3,538 income − $4,200 expenses = $662 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
$3,538
Total Expenses
$4,200
Mortgage P&I
69%
$2,437
Property Taxes
11%
$403
Home Insurance
4%
$156
HOA
0%
$0
Property Management
12%
$425
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$389