This property looks like a bad Mid-Term investment with a projected -3.83% first-year return on $111k initial cash invested.
-3.83%
Cash On Cash
5.59%
Cap Rate
0.91
DSCR
$3,783
Rent
-$353
Cashflow
Cash Flow
$3,783 income − $4,136 expenses = $353 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%
$88,200
Closing costs
1%
$4,410
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,783
Total Expenses
$4,136
Mortgage P&I
60%
$2,256
Property Taxes
10%
$382
Home Insurance
4%
$158
HOA
1%
$55
Property Management
12%
$454
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$416