This property looks like a bad Mid-Term investment with a projected -2.56% first-year return on $111k initial cash invested.
-2.56%
Cash On Cash
6.37%
Cap Rate
0.97
DSCR
$3,878
Rent
-$237
Cashflow
Cash Flow
$3,878 income − $4,115 expenses = $237 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%
$88,460
Closing costs
1%
$4,423
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,878
Total Expenses
$4,115
Mortgage P&I
63%
$2,431
Property Taxes
5%
$210
Home Insurance
4%
$156
HOA
0%
$0
Property Management
12%
$465
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$427