This property looks like a bad Mid-Term investment with a projected -2.93% first-year return on $111k initial cash invested.
-2.93%
Cash On Cash
5.67%
Cap Rate
0.95
DSCR
$4,286
Rent
-$271
Cashflow
Cash Flow
$4,286 income − $4,557 expenses = $271 out of pocket
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,600
Closing costs
1%
$4,430
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,286
Total Expenses
$4,557
Mortgage P&I
51%
$2,195
Property Taxes
18%
$762
Home Insurance
3%
$144
HOA
0%
$0
Property Management
12%
$514
CapEx
4%
$171
Vacancy
3%
$129
Maintenance
4%
$171
Other
11%
$471