This property looks like a bad Mid-Term investment with a projected -10.08% first-year return on $112k initial cash invested.
-10.08%
Cash On Cash
4.33%
Cap Rate
0.67
DSCR
$3,608
Rent
-$939
Cashflow
Cash Flow
$3,608 income − $4,547 expenses = $939 out of pocket
Investment Breakdown
|
Purchase Price
$447k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,360
Closing costs
1%
$4,468
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,608
Total Expenses
$4,547
Mortgage P&I
67%
$2,407
Property Taxes
16%
$573
Home Insurance
5%
$166
HOA
5%
$175
Property Management
12%
$433
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$397