This property looks like a bad Mid-Term investment with a projected -1.83% first-year return on $111k initial cash invested.
-1.83%
Cash On Cash
6.56%
Cap Rate
1
DSCR
$4,152
Rent
-$169
Cashflow
Cash Flow
$4,152 income − $4,321 expenses = $169 out of pocket
Investment Breakdown
|
Purchase Price
$442k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,152
Total Expenses
$4,321
Mortgage P&I
58%
$2,420
Property Taxes
8%
$331
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$498
CapEx
4%
$166
Vacancy
3%
$125
Maintenance
4%
$166
Other
11%
$457