This property looks like a bad Mid-Term investment with a projected -5.14% first-year return on $110k initial cash invested.
-5.14%
Cash On Cash
5.64%
Cap Rate
0.87
DSCR
$3,754
Rent
-$471
Cashflow
Cash Flow
$3,754 income − $4,225 expenses = $471 out of pocket
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,600
Closing costs
1%
$4,380
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,754
Total Expenses
$4,225
Mortgage P&I
63%
$2,380
Property Taxes
11%
$411
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$450
CapEx
4%
$150
Vacancy
3%
$113
Maintenance
4%
$150
Other
11%
$413