This property looks like a bad Mid-Term investment with a projected -9.08% first-year return on $111k initial cash invested.
-9.08%
Cash On Cash
4.72%
Cap Rate
0.71
DSCR
$2,973
Rent
-$838
Cashflow
Cash Flow
$2,973 income − $3,811 expenses = $838 out of pocket
Investment Breakdown
|
Purchase Price
$442k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,340
Closing costs
1%
$4,417
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,973
Total Expenses
$3,811
Mortgage P&I
83%
$2,457
Property Taxes
7%
$198
Home Insurance
5%
$145
HOA
0%
$0
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327