This property looks like a bad Mid-Term investment with a projected -9.48% first-year return on $111k initial cash invested.
-9.48%
Cash On Cash
4.63%
Cap Rate
0.7
DSCR
$3,460
Rent
-$879
Cashflow
Cash Flow
$3,460 income − $4,339 expenses = $879 out of pocket
Investment Breakdown
|
Purchase Price
$444k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,800
Closing costs
1%
$4,440
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,460
Total Expenses
$4,339
Mortgage P&I
71%
$2,453
Property Taxes
16%
$552
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$415
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$381