This property looks like a bad Mid-Term investment with a projected -6.14% first-year return on $111k initial cash invested.
-6.14%
Cash On Cash
5.3%
Cap Rate
0.82
DSCR
$3,410
Rent
-$566
Cashflow
Cash Flow
$3,410 income − $3,976 expenses = $566 out of pocket
Investment Breakdown
|
Purchase Price
$441k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,260
Closing costs
1%
$4,413
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,410
Total Expenses
$3,976
Mortgage P&I
70%
$2,378
Property Taxes
8%
$272
Home Insurance
5%
$168
HOA
0%
$0
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375