This property looks like a bad Mid-Term investment with a projected -4.48% first-year return on $111k initial cash invested.
-4.48%
Cash On Cash
5.75%
Cap Rate
0.88
DSCR
$3,390
Rent
-$414
Cashflow
Cash Flow
$3,390 income − $3,804 expenses = $414 out of pocket
Investment Breakdown
|
Purchase Price
$442k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,480
Closing costs
1%
$4,424
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,390
Total Expenses
$3,804
Mortgage P&I
71%
$2,399
Property Taxes
3%
$88
Home Insurance
5%
$163
HOA
0%
$0
Property Management
12%
$407
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$373