This property looks like a bad Mid-Term investment with a projected -7.77% first-year return on $112k initial cash invested.
-7.77%
Cash On Cash
4.96%
Cap Rate
0.76
DSCR
$3,592
Rent
-$724
Cashflow
Cash Flow
$3,592 income − $4,316 expenses = $724 out of pocket
Investment Breakdown
|
Purchase Price
$447k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,380
Closing costs
1%
$4,469
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,592
Total Expenses
$4,316
Mortgage P&I
68%
$2,426
Property Taxes
12%
$438
Home Insurance
5%
$163
HOA
2%
$67
Property Management
12%
$431
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$395