This property looks like a bad Mid-Term investment with a projected -0.51% first-year return on $111k initial cash invested.
-0.51%
Cash On Cash
6.98%
Cap Rate
1.06
DSCR
$4,716
Rent
-$47
Cashflow
Cash Flow
$4,716 income − $4,763 expenses = $47 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%
$88,780
Closing costs
1%
$4,439
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,716
Total Expenses
$4,763
Mortgage P&I
52%
$2,440
Property Taxes
12%
$553
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$566
CapEx
4%
$189
Vacancy
3%
$141
Maintenance
4%
$189
Other
11%
$519