This property looks like a bad Mid-Term investment with a projected -3.63% first-year return on $111k initial cash invested.
-3.63%
Cash On Cash
5.7%
Cap Rate
0.92
DSCR
$3,795
Rent
-$337
Cashflow
Cash Flow
$3,795 income − $4,132 expenses = $337 out of pocket
Investment Breakdown
|
Purchase Price
$444k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,880
Closing costs
1%
$4,444
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,795
Total Expenses
$4,132
Mortgage P&I
61%
$2,297
Property Taxes
10%
$382
Home Insurance
4%
$163
HOA
0%
$0
Property Management
12%
$455
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$417