This property looks like a bad Mid-Term investment with a projected -3.95% first-year return on $111k initial cash invested.
-3.95%
Cash On Cash
6.19%
Cap Rate
0.92
DSCR
$4,264
Rent
-$365
Cashflow
Cash Flow
$4,264 income − $4,629 expenses = $365 out of pocket
Investment Breakdown
|
Purchase Price
$442k
Downpayment
20.0%
Interest Rate
7.5%
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
$4,264
Total Expenses
$4,629
Mortgage P&I
58%
$2,471
Property Taxes
13%
$550
Home Insurance
4%
$157
HOA
0%
$0
Property Management
12%
$512
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$469