This property looks like a bad Mid-Term investment with a projected -5.21% first-year return on $111k initial cash invested.
-5.21%
Cash On Cash
5.7%
Cap Rate
0.87
DSCR
$4,008
Rent
-$484
Cashflow
Cash Flow
$4,008 income − $4,492 expenses = $484 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%
$88,960
Closing costs
1%
$4,448
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,008
Total Expenses
$4,492
Mortgage P&I
61%
$2,436
Property Taxes
13%
$536
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$481
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$441