This property looks like a bad Mid-Term investment with a projected -5.22% first-year return on $111k initial cash invested.
-5.22%
Cash On Cash
5.64%
Cap Rate
0.86
DSCR
$3,626
Rent
-$482
Cashflow
Cash Flow
$3,626 income − $4,108 expenses = $482 out of pocket
Investment Breakdown
|
Purchase Price
$442k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,420
Closing costs
1%
$4,421
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,626
Total Expenses
$4,108
Mortgage P&I
67%
$2,415
Property Taxes
8%
$294
Home Insurance
5%
$166
HOA
0%
$0
Property Management
12%
$435
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$399