This property looks like a bad Mid-Term investment with a projected -7.49% first-year return on $111k initial cash invested.
-7.49%
Cash On Cash
5.03%
Cap Rate
0.77
DSCR
$3,123
Rent
-$694
Cashflow
Cash Flow
$3,123 income − $3,817 expenses = $694 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%
$88,820
Closing costs
1%
$4,441
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,123
Total Expenses
$3,817
Mortgage P&I
78%
$2,430
Property Taxes
5%
$166
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$375
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$344