This property looks like a bad Mid-Term investment with a projected -2.43% first-year return on $110k initial cash invested.
-2.43%
Cash On Cash
6.43%
Cap Rate
0.97
DSCR
$3,990
Rent
-$223
Cashflow
Cash Flow
$3,990 income − $4,213 expenses = $223 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,700
Closing costs
1%
$4,385
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,990
Total Expenses
$4,213
Mortgage P&I
60%
$2,412
Property Taxes
7%
$293
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$479
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$439