This property looks like a bad Mid-Term investment with a projected -5.2% first-year return on $111k initial cash invested.
-5.2%
Cash On Cash
5.83%
Cap Rate
0.87
DSCR
$3,762
Rent
-$481
Cashflow
Cash Flow
$3,762 income − $4,243 expenses = $481 out of pocket
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,500
Closing costs
1%
$4,425
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,762
Total Expenses
$4,243
Mortgage P&I
66%
$2,481
Property Taxes
8%
$317
Home Insurance
4%
$154
HOA
0%
$13
Property Management
12%
$451
CapEx
4%
$150
Vacancy
3%
$113
Maintenance
4%
$150
Other
11%
$414