This property looks like a bad Mid-Term investment with a projected -3.01% first-year return on $110k initial cash invested.
-3.01%
Cash On Cash
6.24%
Cap Rate
0.95
DSCR
$3,669
Rent
-$276
Cashflow
Cash Flow
$3,669 income − $3,945 expenses = $276 out of pocket
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,640
Closing costs
1%
$4,382
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,669
Total Expenses
$3,945
Mortgage P&I
66%
$2,406
Property Taxes
3%
$116
Home Insurance
4%
$156
HOA
1%
$19
Property Management
12%
$440
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$404