This property looks like a bad Mid-Term investment with a projected -5.51% first-year return on $111k initial cash invested.
-5.51%
Cash On Cash
5.66%
Cap Rate
0.85
DSCR
$3,634
Rent
-$510
Cashflow
Cash Flow
$3,634 income − $4,144 expenses = $510 out of pocket
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,600
Closing costs
1%
$4,430
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,634
Total Expenses
$4,144
Mortgage P&I
68%
$2,455
Property Taxes
8%
$273
Home Insurance
4%
$158
HOA
1%
$23
Property Management
12%
$436
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$400