This property looks like a bad Mid-Term investment with a projected -0.83% first-year return on $111k initial cash invested.
-0.83%
Cash On Cash
6.73%
Cap Rate
1.04
DSCR
$4,570
Rent
-$77
Cashflow
Cash Flow
$4,570 income − $4,647 expenses = $77 out of pocket
Investment Breakdown
|
Purchase Price
$442k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,440
Closing costs
1%
$4,422
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,570
Total Expenses
$4,647
Mortgage P&I
52%
$2,375
Property Taxes
12%
$527
Home Insurance
4%
$161
HOA
1%
$30
Property Management
12%
$548
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$503