This property looks like a bad Mid-Term investment with a projected -9.62% first-year return on $110k initial cash invested.
-9.62%
Cash On Cash
4.43%
Cap Rate
0.68
DSCR
$3,158
Rent
-$884
Cashflow
Cash Flow
$3,158 income − $4,042 expenses = $884 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%
$87,840
Closing costs
1%
$4,392
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,158
Total Expenses
$4,042
Mortgage P&I
75%
$2,380
Property Taxes
14%
$431
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$379
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$347