This property looks like a bad Mid-Term investment with a projected -4.66% first-year return on $111k initial cash invested.
-4.66%
Cash On Cash
5.71%
Cap Rate
0.88
DSCR
$3,686
Rent
-$430
Cashflow
Cash Flow
$3,686 income − $4,116 expenses = $430 out of pocket
Investment Breakdown
|
Purchase Price
$442k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,340
Closing costs
1%
$4,417
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,686
Total Expenses
$4,116
Mortgage P&I
65%
$2,385
Property Taxes
9%
$327
Home Insurance
4%
$152
HOA
0%
$0
Property Management
12%
$442
CapEx
4%
$147
Vacancy
3%
$111
Maintenance
4%
$147
Other
11%
$405