This property looks like a bad Mid-Term investment with a projected -3.85% first-year return on $111k initial cash invested.
-3.85%
Cash On Cash
5.68%
Cap Rate
0.91
DSCR
$3,609
Rent
-$356
Cashflow
Cash Flow
$3,609 income − $3,965 expenses = $356 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%
$88,600
Closing costs
1%
$4,430
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,609
Total Expenses
$3,965
Mortgage P&I
64%
$2,309
Property Taxes
8%
$274
Home Insurance
4%
$156
HOA
0%
$0
Property Management
12%
$433
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$397