This property looks like a bad Mid-Term investment with a projected -3.02% first-year return on $111k initial cash invested.
-3.02%
Cash On Cash
5.76%
Cap Rate
0.94
DSCR
$3,468
Rent
-$280
Cashflow
Cash Flow
$3,468 income − $3,748 expenses = $280 out of pocket
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,660
Closing costs
1%
$4,433
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,468
Total Expenses
$3,748
Mortgage P&I
65%
$2,270
Property Taxes
4%
$141
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$416
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$381