This property looks like a bad Mid-Term investment with a projected -6.58% first-year return on $111k initial cash invested.
-6.58%
Cash On Cash
5.32%
Cap Rate
0.81
DSCR
$3,606
Rent
-$607
Cashflow
Cash Flow
$3,606 income − $4,213 expenses = $607 out of pocket
Investment Breakdown
|
Purchase Price
$441k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,280
Closing costs
1%
$4,414
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,606
Total Expenses
$4,213
Mortgage P&I
67%
$2,420
Property Taxes
11%
$409
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$433
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$397