This property looks like a bad Mid-Term investment with a projected -8.04% first-year return on $110k initial cash invested.
-8.04%
Cash On Cash
4.58%
Cap Rate
0.73
DSCR
$3,054
Rent
-$737
Cashflow
Cash Flow
$3,054 income − $3,791 expenses = $737 out of pocket
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,600
Closing costs
1%
$4,380
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,054
Total Expenses
$3,791
Mortgage P&I
75%
$2,285
Property Taxes
10%
$310
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$366
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336