This property looks like a bad Mid-Term investment with a projected -7.18% first-year return on $112k initial cash invested.
-7.18%
Cash On Cash
5.06%
Cap Rate
0.78
DSCR
$3,478
Rent
-$668
Cashflow
Cash Flow
$3,478 income − $4,146 expenses = $668 out of pocket
Investment Breakdown
|
Purchase Price
$446k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,180
Closing costs
1%
$4,459
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,478
Total Expenses
$4,146
Mortgage P&I
69%
$2,409
Property Taxes
12%
$405
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$383