This property looks like a bad Mid-Term investment with a projected -6.82% first-year return on $111k initial cash invested.
-6.82%
Cash On Cash
5.1%
Cap Rate
0.79
DSCR
$3,342
Rent
-$631
Cashflow
Cash Flow
$3,342 income − $3,973 expenses = $631 out of pocket
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,342
Total Expenses
$3,973
Mortgage P&I
71%
$2,380
Property Taxes
9%
$300
Home Insurance
5%
$156
HOA
0%
$0
Property Management
12%
$401
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$368