This property looks like a bad Mid-Term investment with a projected -6.36% first-year return on $110k initial cash invested.
-6.36%
Cash On Cash
5.36%
Cap Rate
0.82
DSCR
$3,770
Rent
-$584
Cashflow
Cash Flow
$3,770 income − $4,354 expenses = $584 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,880
Closing costs
1%
$4,394
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,770
Total Expenses
$4,354
Mortgage P&I
64%
$2,395
Property Taxes
14%
$520
Home Insurance
4%
$157
HOA
0%
$0
Property Management
12%
$452
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$415