This property looks like a bad Mid-Term investment with a projected -2.45% first-year return on $111k initial cash invested.
-2.45%
Cash On Cash
5.98%
Cap Rate
0.97
DSCR
$3,924
Rent
-$226
Cashflow
Cash Flow
$3,924 income − $4,150 expenses = $226 out of pocket
Investment Breakdown
|
Purchase Price
$441k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,240
Closing costs
1%
$4,412
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,924
Total Expenses
$4,150
Mortgage P&I
58%
$2,267
Property Taxes
9%
$340
Home Insurance
4%
$158
HOA
1%
$50
Property Management
12%
$471
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$432