This property looks like a bad Mid-Term investment with a projected -7.76% first-year return on $111k initial cash invested.
-7.76%
Cash On Cash
5.13%
Cap Rate
0.78
DSCR
$4,242
Rent
-$719
Cashflow
Cash Flow
$4,242 income − $4,961 expenses = $719 out of pocket
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,680
Closing costs
1%
$4,434
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,242
Total Expenses
$4,961
Mortgage P&I
58%
$2,444
Property Taxes
21%
$883
Home Insurance
4%
$158
HOA
1%
$33
Property Management
12%
$509
CapEx
4%
$170
Vacancy
3%
$127
Maintenance
4%
$170
Other
11%
$467