This property looks like a bad Mid-Term investment with a projected -13.27% first-year return on $111k initial cash invested.
-13.27%
Cash On Cash
3.53%
Cap Rate
0.54
DSCR
$2,618
Rent
-$1,222
Cashflow
Cash Flow
$2,618 income − $3,840 expenses = $1,222 out of pocket
Investment Breakdown
|
Purchase Price
$441k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,120
Closing costs
1%
$4,406
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,618
Total Expenses
$3,840
Mortgage P&I
92%
$2,413
Property Taxes
14%
$375
Home Insurance
6%
$161
HOA
0%
$0
Property Management
12%
$314
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$288