This property looks like a bad Mid-Term investment with a projected -8.73% first-year return on $112k initial cash invested.
-8.73%
Cash On Cash
4.42%
Cap Rate
0.7
DSCR
$2,786
Rent
-$815
Cashflow
Cash Flow
$2,786 income − $3,601 expenses = $815 out of pocket
Investment Breakdown
|
Purchase Price
$448k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,520
Closing costs
1%
$4,476
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,786
Total Expenses
$3,601
Mortgage P&I
84%
$2,352
Property Taxes
5%
$144
Home Insurance
6%
$159
HOA
0%
$0
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$84
Maintenance
4%
$111
Other
11%
$306