This property looks like a bad Mid-Term investment with a projected -5.5% first-year return on $111k initial cash invested.
-5.5%
Cash On Cash
5.61%
Cap Rate
0.85
DSCR
$3,810
Rent
-$509
Cashflow
Cash Flow
$3,810 income − $4,319 expenses = $509 out of pocket
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,660
Closing costs
1%
$4,433
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,810
Total Expenses
$4,319
Mortgage P&I
64%
$2,431
Property Taxes
11%
$436
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$457
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$419