This property looks like a bad Mid-Term investment with a projected -4.29% first-year return on $110k initial cash invested.
-4.29%
Cash On Cash
5.92%
Cap Rate
0.9
DSCR
$3,945
Rent
-$393
Cashflow
Cash Flow
$3,945 income − $4,338 expenses = $393 out of pocket
Investment Breakdown
|
Purchase Price
$437k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,460
Closing costs
1%
$4,373
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,945
Total Expenses
$4,338
Mortgage P&I
61%
$2,394
Property Taxes
11%
$417
Home Insurance
4%
$166
HOA
1%
$20
Property Management
12%
$473
CapEx
4%
$158
Vacancy
3%
$118
Maintenance
4%
$158
Other
11%
$434