This property looks like a bad Mid-Term investment with a projected -3.95% first-year return on $111k initial cash invested.
-3.95%
Cash On Cash
5.79%
Cap Rate
0.91
DSCR
$3,770
Rent
-$366
Cashflow
Cash Flow
$3,770 income − $4,136 expenses = $366 out of pocket
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,640
Closing costs
1%
$4,432
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,770
Total Expenses
$4,136
Mortgage P&I
62%
$2,355
Property Taxes
9%
$341
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$452
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$415