This property looks like a bad Mid-Term investment with a projected -4.86% first-year return on $111k initial cash invested.
-4.86%
Cash On Cash
5.74%
Cap Rate
0.87
DSCR
$3,542
Rent
-$450
Cashflow
Cash Flow
$3,542 income − $3,992 expenses = $450 out of pocket
Investment Breakdown
|
Purchase Price
$444k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,720
Closing costs
1%
$4,436
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,542
Total Expenses
$3,992
Mortgage P&I
69%
$2,429
Property Taxes
6%
$201
Home Insurance
4%
$157
HOA
0%
$0
Property Management
12%
$425
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$390