This property looks like a bad Mid-Term investment with a projected -0.05% first-year return on $111k initial cash invested.
-0.05%
Cash On Cash
6.95%
Cap Rate
1.07
DSCR
$4,074
Rent
-$5
Cashflow
Cash Flow
$4,074 income − $4,079 expenses = $5 out of pocket
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,580
Closing costs
1%
$4,429
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,074
Total Expenses
$4,079
Mortgage P&I
59%
$2,408
Property Taxes
4%
$164
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$489
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$448