This property looks like a bad Mid-Term investment with a projected -3.95% first-year return on $111k initial cash invested.
-3.95%
Cash On Cash
5.86%
Cap Rate
0.91
DSCR
$3,888
Rent
-$364
Cashflow
Cash Flow
$3,888 income − $4,252 expenses = $364 out of pocket
Investment Breakdown
|
Purchase Price
$442k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,300
Closing costs
1%
$4,415
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,888
Total Expenses
$4,252
Mortgage P&I
61%
$2,363
Property Taxes
11%
$415
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$467
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$428