This property looks like a bad Mid-Term investment with a projected -2.8% first-year return on $111k initial cash invested.
-2.8%
Cash On Cash
5.86%
Cap Rate
0.95
DSCR
$3,702
Rent
-$259
Cashflow
Cash Flow
$3,702 income − $3,961 expenses = $259 out of pocket
Investment Breakdown
|
Purchase Price
$442k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,460
Closing costs
1%
$4,423
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,702
Total Expenses
$3,961
Mortgage P&I
61%
$2,270
Property Taxes
7%
$275
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$444
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$407