This property looks like a bad Mid-Term investment with a projected -6.67% first-year return on $111k initial cash invested.
-6.67%
Cash On Cash
5.07%
Cap Rate
0.8
DSCR
$3,552
Rent
-$614
Cashflow
Cash Flow
$3,552 income − $4,166 expenses = $614 out of pocket
Investment Breakdown
|
Purchase Price
$441k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,100
Closing costs
1%
$4,405
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,552
Total Expenses
$4,166
Mortgage P&I
66%
$2,334
Property Taxes
13%
$466
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$426
CapEx
4%
$142
Vacancy
3%
$107
Maintenance
4%
$142
Other
11%
$391