This property looks like a bad Mid-Term investment with a projected -3.1% first-year return on $111k initial cash invested.
-3.1%
Cash On Cash
6.16%
Cap Rate
0.94
DSCR
$3,508
Rent
-$288
Cashflow
Cash Flow
$3,508 income − $3,796 expenses = $288 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$89,000
Closing costs
1%
$4,450
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,508
Total Expenses
$3,796
Mortgage P&I
69%
$2,433
Property Taxes
0%
$15
Home Insurance
4%
$156
HOA
0%
$0
Property Management
12%
$421
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$386