This property looks like a bad Mid-Term investment with a projected -9.83% first-year return on $111k initial cash invested.
-9.83%
Cash On Cash
4.03%
Cap Rate
0.65
DSCR
$2,541
Rent
-$910
Cashflow
Cash Flow
$2,541 income − $3,451 expenses = $910 out of pocket
Investment Breakdown
|
Purchase Price
$444k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,700
Closing costs
1%
$4,435
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,541
Total Expenses
$3,451
Mortgage P&I
90%
$2,298
Property Taxes
5%
$133
Home Insurance
6%
$155
HOA
0%
$0
Property Management
12%
$305
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$280