This property looks like a bad Mid-Term investment with a projected -3.76% first-year return on $110k initial cash invested.
-3.76%
Cash On Cash
6.11%
Cap Rate
0.93
DSCR
$4,458
Rent
-$345
Cashflow
Cash Flow
$4,458 income − $4,803 expenses = $345 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,458
Total Expenses
$4,803
Mortgage P&I
54%
$2,404
Property Taxes
16%
$726
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$535
CapEx
4%
$178
Vacancy
3%
$134
Maintenance
4%
$178
Other
11%
$490