This property looks like a bad Mid-Term investment with a projected -11.4% first-year return on $110k initial cash invested.
-11.4%
Cash On Cash
3.78%
Cap Rate
0.6
DSCR
$2,820
Rent
-$1,046
Cashflow
Cash Flow
$2,820 income − $3,866 expenses = $1,046 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,720
Closing costs
1%
$4,386
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,820
Total Expenses
$3,866
Mortgage P&I
82%
$2,315
Property Taxes
15%
$434
Home Insurance
6%
$158
HOA
0%
$0
Property Management
12%
$338
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$310