This property looks like a bad Mid-Term investment with a projected -4.97% first-year return on $111k initial cash invested.
-4.97%
Cash On Cash
5.52%
Cap Rate
0.86
DSCR
$3,321
Rent
-$460
Cashflow
Cash Flow
$3,321 income − $3,781 expenses = $460 out of pocket
Investment Breakdown
|
Purchase Price
$444k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,700
Closing costs
1%
$4,435
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,321
Total Expenses
$3,781
Mortgage P&I
71%
$2,367
Property Taxes
4%
$121
Home Insurance
5%
$163
HOA
0%
$0
Property Management
12%
$399
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$365