This property looks like a bad Mid-Term investment with a projected -3.18% first-year return on $111k initial cash invested.
-3.18%
Cash On Cash
5.89%
Cap Rate
0.94
DSCR
$3,912
Rent
-$294
Cashflow
Cash Flow
$3,912 income − $4,206 expenses = $294 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%
$88,500
Closing costs
1%
$4,425
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,912
Total Expenses
$4,206
Mortgage P&I
59%
$2,309
Property Taxes
10%
$383
Home Insurance
4%
$156
HOA
1%
$30
Property Management
12%
$469
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$430