This property looks like a bad Mid-Term investment with a projected -5.18% first-year return on $111k initial cash invested.
-5.18%
Cash On Cash
5.58%
Cap Rate
0.87
DSCR
$4,546
Rent
-$477
Cashflow
Cash Flow
$4,546 income − $5,023 expenses = $477 out of pocket
Investment Breakdown
|
Purchase Price
$441k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,160
Closing costs
1%
$4,408
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,546
Total Expenses
$5,023
Mortgage P&I
52%
$2,343
Property Taxes
19%
$877
Home Insurance
6%
$257
HOA
0%
$0
Property Management
12%
$546
CapEx
4%
$182
Vacancy
3%
$136
Maintenance
4%
$182
Other
11%
$500