This property looks like a bad Mid-Term investment with a projected -3.28% first-year return on $112k initial cash invested.
-3.28%
Cash On Cash
6.09%
Cap Rate
0.94
DSCR
$4,078
Rent
-$305
Cashflow
Cash Flow
$4,078 income − $4,383 expenses = $305 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,060
Closing costs
1%
$4,453
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,078
Total Expenses
$4,383
Mortgage P&I
59%
$2,402
Property Taxes
10%
$427
Home Insurance
4%
$168
HOA
0%
$0
Property Management
12%
$489
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$449