This property looks like a bad Mid-Term investment with a projected -2.74% first-year return on $111k initial cash invested.
-2.74%
Cash On Cash
6.35%
Cap Rate
0.96
DSCR
$3,858
Rent
-$253
Cashflow
Cash Flow
$3,858 income − $4,111 expenses = $253 out of pocket
Investment Breakdown
|
Purchase Price
$442k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,380
Closing costs
1%
$4,419
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,858
Total Expenses
$4,111
Mortgage P&I
63%
$2,438
Property Taxes
5%
$203
Home Insurance
4%
$159
HOA
0%
$0
Property Management
12%
$463
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$424