This property looks like a bad Mid-Term investment with a projected -7.09% first-year return on $111k initial cash invested.
-7.09%
Cash On Cash
5.03%
Cap Rate
0.78
DSCR
$3,468
Rent
-$657
Cashflow
Cash Flow
$3,468 income − $4,125 expenses = $657 out of pocket
Investment Breakdown
|
Purchase Price
$444k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,760
Closing costs
1%
$4,438
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,468
Total Expenses
$4,125
Mortgage P&I
69%
$2,380
Property Taxes
12%
$405
Home Insurance
5%
$161
HOA
0%
$0
Property Management
12%
$416
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$381