This property looks like a bad Mid-Term investment with a projected -2.98% first-year return on $110k initial cash invested.
-2.98%
Cash On Cash
5.77%
Cap Rate
0.94
DSCR
$3,508
Rent
-$274
Cashflow
Cash Flow
$3,508 income − $3,782 expenses = $274 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,840
Closing costs
1%
$4,392
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,508
Total Expenses
$3,782
Mortgage P&I
64%
$2,245
Property Taxes
5%
$162
Home Insurance
5%
$158
HOA
1%
$25
Property Management
12%
$421
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$386