This property looks like a bad Mid-Term investment with a projected -4.17% first-year return on $111k initial cash invested.
-4.17%
Cash On Cash
5.49%
Cap Rate
0.89
DSCR
$3,586
Rent
-$387
Cashflow
Cash Flow
$3,586 income − $3,973 expenses = $387 out of pocket
Investment Breakdown
|
Purchase Price
$444k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,880
Closing costs
1%
$4,444
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,586
Total Expenses
$3,973
Mortgage P&I
63%
$2,276
Property Taxes
9%
$320
Home Insurance
4%
$159
HOA
0%
$0
Property Management
12%
$430
CapEx
4%
$143
Vacancy
3%
$108
Maintenance
4%
$143
Other
11%
$394