This property looks like a bad Mid-Term investment with a projected -3.33% first-year return on $112k initial cash invested.
-3.33%
Cash On Cash
6.09%
Cap Rate
0.93
DSCR
$3,710
Rent
-$310
Cashflow
Cash Flow
$3,710 income − $4,020 expenses = $310 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
$3,710
Total Expenses
$4,020
Mortgage P&I
65%
$2,429
Property Taxes
5%
$173
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$445
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$408