This property looks like a bad Mid-Term investment with a projected -4.51% first-year return on $111k initial cash invested.
-4.51%
Cash On Cash
5.87%
Cap Rate
0.89
DSCR
$3,892
Rent
-$418
Cashflow
Cash Flow
$3,892 income − $4,310 expenses = $418 out of pocket
Investment Breakdown
|
Purchase Price
$444k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,820
Closing costs
1%
$4,441
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,892
Total Expenses
$4,310
Mortgage P&I
63%
$2,435
Property Taxes
10%
$393
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$467
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$428