This property looks like a bad Mid-Term investment with a projected -4.03% first-year return on $111k initial cash invested.
-4.03%
Cash On Cash
6.04%
Cap Rate
0.92
DSCR
$4,378
Rent
-$374
Cashflow
Cash Flow
$4,378 income − $4,752 expenses = $374 out of pocket
Investment Breakdown
|
Purchase Price
$444k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,860
Closing costs
1%
$4,443
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,378
Total Expenses
$4,752
Mortgage P&I
56%
$2,434
Property Taxes
15%
$672
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$525
CapEx
4%
$175
Vacancy
3%
$131
Maintenance
4%
$175
Other
11%
$482