This property looks like a bad Mid-Term investment with a projected -11% first-year return on $112k initial cash invested.
-11%
Cash On Cash
4.17%
Cap Rate
0.63
DSCR
$2,762
Rent
-$1,028
Cashflow
Cash Flow
$2,762 income − $3,790 expenses = $1,028 out of pocket
Investment Breakdown
|
Purchase Price
$448k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,680
Closing costs
1%
$4,484
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,762
Total Expenses
$3,790
Mortgage P&I
90%
$2,478
Property Taxes
8%
$216
Home Insurance
6%
$158
HOA
0%
$0
Property Management
12%
$331
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$304