This property looks like a bad Mid-Term investment with a projected -8.1% first-year return on $111k initial cash invested.
-8.1%
Cash On Cash
4.91%
Cap Rate
0.75
DSCR
$3,892
Rent
-$748
Cashflow
Cash Flow
$3,892 income − $4,640 expenses = $748 out of pocket
Investment Breakdown
|
Purchase Price
$442k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,440
Closing costs
1%
$4,422
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,892
Total Expenses
$4,640
Mortgage P&I
62%
$2,403
Property Taxes
16%
$624
Home Insurance
5%
$185
HOA
3%
$104
Property Management
12%
$467
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$428