This property looks like a bad Mid-Term investment with a projected -12.34% first-year return on $111k initial cash invested.
-12.34%
Cash On Cash
3.57%
Cap Rate
0.56
DSCR
$3,130
Rent
-$1,137
Cashflow
Cash Flow
$3,130 income − $4,267 expenses = $1,137 out of pocket
Investment Breakdown
|
Purchase Price
$441k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,180
Closing costs
1%
$4,409
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,130
Total Expenses
$4,267
Mortgage P&I
74%
$2,322
Property Taxes
23%
$708
Home Insurance
5%
$156
HOA
1%
$17
Property Management
12%
$376
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$344