This property looks like a bad Mid-Term investment with a projected -7.24% first-year return on $111k initial cash invested.
-7.24%
Cash On Cash
5.03%
Cap Rate
0.78
DSCR
$3,488
Rent
-$671
Cashflow
Cash Flow
$3,488 income − $4,159 expenses = $671 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%
$88,780
Closing costs
1%
$4,439
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,488
Total Expenses
$4,159
Mortgage P&I
69%
$2,393
Property Taxes
12%
$420
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$419
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$384