This property looks like a bad Mid-Term investment with a projected -8.63% first-year return on $111k initial cash invested.
-8.63%
Cash On Cash
4.89%
Cap Rate
0.73
DSCR
$2,864
Rent
-$798
Cashflow
Cash Flow
$2,864 income − $3,662 expenses = $798 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
$2,864
Total Expenses
$3,662
Mortgage P&I
87%
$2,488
Property Taxes
2%
$44
Home Insurance
5%
$155
HOA
0%
$0
Property Management
12%
$344
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$315