This property looks like a bad Mid-Term investment with a projected -6.31% first-year return on $111k initial cash invested.
-6.31%
Cash On Cash
5.06%
Cap Rate
0.81
DSCR
$3,518
Rent
-$584
Cashflow
Cash Flow
$3,518 income − $4,102 expenses = $584 out of pocket
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,580
Closing costs
1%
$4,429
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,518
Total Expenses
$4,102
Mortgage P&I
66%
$2,310
Property Taxes
12%
$437
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$422
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$387