This property looks like a bad Mid-Term investment with a projected -2.07% first-year return on $111k initial cash invested.
-2.07%
Cash On Cash
6.13%
Cap Rate
0.99
DSCR
$3,994
Rent
-$191
Cashflow
Cash Flow
$3,994 income − $4,185 expenses = $191 out of pocket
Investment Breakdown
|
Purchase Price
$441k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,260
Closing costs
1%
$4,413
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,994
Total Expenses
$4,185
Mortgage P&I
57%
$2,287
Property Taxes
10%
$386
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$479
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$439