This property looks like a bad Mid-Term investment with a projected -3.27% first-year return on $111k initial cash invested.
-3.27%
Cash On Cash
5.77%
Cap Rate
0.94
DSCR
$3,958
Rent
-$302
Cashflow
Cash Flow
$3,958 income − $4,260 expenses = $302 out of pocket
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,520
Closing costs
1%
$4,426
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,958
Total Expenses
$4,260
Mortgage P&I
57%
$2,273
Property Taxes
11%
$445
Home Insurance
4%
$157
HOA
1%
$40
Property Management
12%
$475
CapEx
4%
$158
Vacancy
3%
$119
Maintenance
4%
$158
Other
11%
$435