This property looks like a bad Mid-Term investment with a projected -6.25% first-year return on $111k initial cash invested.
-6.25%
Cash On Cash
5.34%
Cap Rate
0.82
DSCR
$3,591
Rent
-$576
Cashflow
Cash Flow
$3,591 income − $4,167 expenses = $576 out of pocket
Investment Breakdown
|
Purchase Price
$441k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,180
Closing costs
1%
$4,409
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,591
Total Expenses
$4,167
Mortgage P&I
67%
$2,395
Property Taxes
11%
$396
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$431
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$395