This property looks like a bad Mid-Term investment with a projected -7.36% first-year return on $111k initial cash invested.
-7.36%
Cash On Cash
4.61%
Cap Rate
0.75
DSCR
$2,806
Rent
-$682
Cashflow
Cash Flow
$2,806 income − $3,488 expenses = $682 out of pocket
Investment Breakdown
|
Purchase Price
$444k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,740
Closing costs
1%
$4,437
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,806
Total Expenses
$3,488
Mortgage P&I
81%
$2,275
Property Taxes
4%
$101
Home Insurance
6%
$158
HOA
0%
$0
Property Management
12%
$337
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$309