This property looks like a bad Mid-Term investment with a projected -10.45% first-year return on $111k initial cash invested.
-10.45%
Cash On Cash
4.35%
Cap Rate
0.66
DSCR
$3,262
Rent
-$963
Cashflow
Cash Flow
$3,262 income − $4,225 expenses = $963 out of pocket
Investment Breakdown
|
Purchase Price
$441k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,180
Closing costs
1%
$4,409
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,262
Total Expenses
$4,225
Mortgage P&I
74%
$2,430
Property Taxes
16%
$533
Home Insurance
5%
$154
HOA
0%
$0
Property Management
12%
$391
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$359