This property looks like a bad Mid-Term investment with a projected -7.54% first-year return on $111k initial cash invested.
-7.54%
Cash On Cash
5.15%
Cap Rate
0.77
DSCR
$3,273
Rent
-$700
Cashflow
Cash Flow
$3,273 income − $3,973 expenses = $700 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,273
Total Expenses
$3,973
Mortgage P&I
76%
$2,478
Property Taxes
7%
$226
Home Insurance
5%
$156
HOA
0%
$0
Property Management
12%
$393
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$360