This property looks like a bad Mid-Term investment with a projected -1.54% first-year return on $111k initial cash invested.
-1.54%
Cash On Cash
6.21%
Cap Rate
1.01
DSCR
$4,161
Rent
-$142
Cashflow
Cash Flow
$4,161 income − $4,303 expenses = $142 out of pocket
Investment Breakdown
|
Purchase Price
$441k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,140
Closing costs
1%
$4,407
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,161
Total Expenses
$4,303
Mortgage P&I
54%
$2,255
Property Taxes
11%
$476
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$499
CapEx
4%
$166
Vacancy
3%
$125
Maintenance
4%
$166
Other
11%
$458