This property looks like a bad Mid-Term investment with a projected -0.78% first-year return on $111k initial cash invested.
-0.78%
Cash On Cash
6.77%
Cap Rate
1.04
DSCR
$4,030
Rent
-$72
Cashflow
Cash Flow
$4,030 income − $4,102 expenses = $72 out of pocket
Investment Breakdown
|
Purchase Price
$441k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,280
Closing costs
1%
$4,414
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,030
Total Expenses
$4,102
Mortgage P&I
60%
$2,402
Property Taxes
4%
$172
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$484
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$443