This property looks like a bad Mid-Term investment with a projected -3.62% first-year return on $112k initial cash invested.
-3.62%
Cash On Cash
6.12%
Cap Rate
0.92
DSCR
$3,756
Rent
-$337
Cashflow
Cash Flow
$3,756 income − $4,093 expenses = $337 out of pocket
Investment Breakdown
|
Purchase Price
$446k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,240
Closing costs
1%
$4,462
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,756
Total Expenses
$4,093
Mortgage P&I
66%
$2,463
Property Taxes
5%
$189
Home Insurance
4%
$164
HOA
0%
$0
Property Management
12%
$451
CapEx
4%
$150
Vacancy
3%
$113
Maintenance
4%
$150
Other
11%
$413