This property looks like a bad Mid-Term investment with a projected -6.85% first-year return on $111k initial cash invested.
-6.85%
Cash On Cash
5.17%
Cap Rate
0.79
DSCR
$3,468
Rent
-$634
Cashflow
Cash Flow
$3,468 income − $4,102 expenses = $634 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%
$88,620
Closing costs
1%
$4,431
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,468
Total Expenses
$4,102
Mortgage P&I
69%
$2,405
Property Taxes
11%
$364
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$416
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$381