This property looks like a bad Mid-Term investment with a projected -9.98% first-year return on $111k initial cash invested.
-9.98%
Cash On Cash
4.37%
Cap Rate
0.67
DSCR
$3,465
Rent
-$921
Cashflow
Cash Flow
$3,465 income − $4,386 expenses = $921 out of pocket
Investment Breakdown
|
Purchase Price
$442k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,360
Closing costs
1%
$4,418
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,465
Total Expenses
$4,386
Mortgage P&I
69%
$2,390
Property Taxes
19%
$661
Home Insurance
5%
$156
HOA
0%
$0
Property Management
12%
$416
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$381