This property looks like a bad Mid-Term investment with a projected -13% first-year return on $112k initial cash invested.
-13%
Cash On Cash
3.56%
Cap Rate
0.54
DSCR
$2,228
Rent
-$1,216
Cashflow
Cash Flow
$2,228 income − $3,444 expenses = $1,216 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,780
Closing costs
1%
$4,489
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,228
Total Expenses
$3,444
Mortgage P&I
110%
$2,457
Property Taxes
3%
$72
Home Insurance
7%
$158
HOA
0%
$0
Property Management
12%
$267
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$245