This property looks like a bad Mid-Term investment with a projected -7.53% first-year return on $111k initial cash invested.
-7.53%
Cash On Cash
4.95%
Cap Rate
0.77
DSCR
$3,412
Rent
-$698
Cashflow
Cash Flow
$3,412 income − $4,110 expenses = $698 out of pocket
Investment Breakdown
|
Purchase Price
$444k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,412
Total Expenses
$4,110
Mortgage P&I
70%
$2,393
Property Taxes
12%
$401
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375