This property looks like a bad Mid-Term investment with a projected -11.49% first-year return on $111k initial cash invested.
-11.49%
Cash On Cash
3.91%
Cap Rate
0.6
DSCR
$2,858
Rent
-$1,065
Cashflow
Cash Flow
$2,858 income − $3,923 expenses = $1,065 out of pocket
Investment Breakdown
|
Purchase Price
$444k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,858
Total Expenses
$3,923
Mortgage P&I
84%
$2,397
Property Taxes
14%
$398
Home Insurance
5%
$157
HOA
0%
$0
Property Management
12%
$343
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$314