This property looks like a bad Mid-Term investment with a projected -9.01% first-year return on $110k initial cash invested.
-9.01%
Cash On Cash
4.47%
Cap Rate
0.7
DSCR
$3,012
Rent
-$827
Cashflow
Cash Flow
$3,012 income − $3,839 expenses = $827 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,800
Closing costs
1%
$4,390
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,012
Total Expenses
$3,839
Mortgage P&I
78%
$2,341
Property Taxes
11%
$322
Home Insurance
5%
$154
HOA
0%
$0
Property Management
12%
$361
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$331