This property looks like a bad Mid-Term investment with a projected -11.6% first-year return on $111k initial cash invested.
-11.6%
Cash On Cash
3.95%
Cap Rate
0.6
DSCR
$2,448
Rent
-$1,075
Cashflow
Cash Flow
$2,448 income − $3,523 expenses = $1,075 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%
$88,760
Closing costs
1%
$4,438
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,448
Total Expenses
$3,523
Mortgage P&I
100%
$2,437
Property Taxes
4%
$93
Home Insurance
7%
$161
HOA
0%
$0
Property Management
12%
$294
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$269