This property looks like a bad Mid-Term investment with a projected -5.77% first-year return on $110k initial cash invested.
-5.77%
Cash On Cash
5.58%
Cap Rate
0.84
DSCR
$3,722
Rent
-$530
Cashflow
Cash Flow
$3,722 income − $4,252 expenses = $530 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,722
Total Expenses
$4,252
Mortgage P&I
65%
$2,421
Property Taxes
5%
$176
Home Insurance
4%
$154
HOA
6%
$235
Property Management
12%
$447
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$409