This property looks like a bad Mid-Term investment with a projected -3.02% first-year return on $111k initial cash invested.
-3.02%
Cash On Cash
5.81%
Cap Rate
0.94
DSCR
$3,783
Rent
-$278
Cashflow
Cash Flow
$3,783 income − $4,061 expenses = $278 out of pocket
Investment Breakdown
|
Purchase Price
$441k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,120
Closing costs
1%
$4,406
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,783
Total Expenses
$4,061
Mortgage P&I
60%
$2,262
Property Taxes
10%
$360
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$454
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$416