This property looks like a bad Mid-Term investment with a projected -4.81% first-year return on $110k initial cash invested.
-4.81%
Cash On Cash
5.62%
Cap Rate
0.88
DSCR
$3,765
Rent
-$441
Cashflow
Cash Flow
$3,765 income − $4,206 expenses = $441 out of pocket
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,540
Closing costs
1%
$4,377
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,765
Total Expenses
$4,206
Mortgage P&I
62%
$2,341
Property Taxes
11%
$398
Home Insurance
4%
$158
HOA
1%
$28
Property Management
12%
$452
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$414