This property looks like a bad Mid-Term investment with a projected -8.48% first-year return on $111k initial cash invested.
-8.48%
Cash On Cash
4.86%
Cap Rate
0.73
DSCR
$3,370
Rent
-$786
Cashflow
Cash Flow
$3,370 income − $4,156 expenses = $786 out of pocket
Investment Breakdown
|
Purchase Price
$444k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,800
Closing costs
1%
$4,440
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,370
Total Expenses
$4,156
Mortgage P&I
73%
$2,451
Property Taxes
12%
$390
Home Insurance
5%
$157
HOA
0%
$12
Property Management
12%
$404
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$371