This property looks like a bad Mid-Term investment with a projected -3.31% first-year return on $111k initial cash invested.
-3.31%
Cash On Cash
6.1%
Cap Rate
0.93
DSCR
$3,728
Rent
-$305
Cashflow
Cash Flow
$3,728 income − $4,033 expenses = $305 out of pocket
Investment Breakdown
|
Purchase Price
$441k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,200
Closing costs
1%
$4,410
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,728
Total Expenses
$4,033
Mortgage P&I
64%
$2,398
Property Taxes
6%
$216
Home Insurance
4%
$152
HOA
0%
$0
Property Management
12%
$447
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$410