This property looks like a bad Mid-Term investment with a projected -9.38% first-year return on $111k initial cash invested.
-9.38%
Cash On Cash
4.49%
Cap Rate
0.69
DSCR
$3,006
Rent
-$868
Cashflow
Cash Flow
$3,006 income − $3,874 expenses = $868 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%
$88,660
Closing costs
1%
$4,433
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,006
Total Expenses
$3,874
Mortgage P&I
80%
$2,408
Property Taxes
10%
$292
Home Insurance
5%
$152
HOA
0%
$0
Property Management
12%
$361
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$331