This property looks like a bad Mid-Term investment with a projected -6.93% first-year return on $111k initial cash invested.
-6.93%
Cash On Cash
5.11%
Cap Rate
0.79
DSCR
$3,780
Rent
-$641
Cashflow
Cash Flow
$3,780 income − $4,421 expenses = $641 out of pocket
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,500
Closing costs
1%
$4,425
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,780
Total Expenses
$4,421
Mortgage P&I
63%
$2,373
Property Taxes
16%
$608
Home Insurance
4%
$155
HOA
0%
$0
Property Management
12%
$454
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$416