This property looks like a bad Mid-Term investment with a projected -2.12% first-year return on $111k initial cash invested.
-2.12%
Cash On Cash
6.34%
Cap Rate
0.98
DSCR
$3,777
Rent
-$197
Cashflow
Cash Flow
$3,777 income − $3,974 expenses = $197 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,980
Closing costs
1%
$4,449
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,777
Total Expenses
$3,974
Mortgage P&I
63%
$2,397
Property Taxes
4%
$138
Home Insurance
4%
$156
HOA
0%
$0
Property Management
12%
$453
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$415