This property looks like a bad Mid-Term investment with a projected -5.59% first-year return on $110k initial cash invested.
-5.59%
Cash On Cash
5.27%
Cap Rate
0.84
DSCR
$3,752
Rent
-$511
Cashflow
Cash Flow
$3,752 income − $4,263 expenses = $511 out of pocket
Investment Breakdown
|
Purchase Price
$437k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,360
Closing costs
1%
$4,368
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,752
Total Expenses
$4,263
Mortgage P&I
61%
$2,280
Property Taxes
15%
$549
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$450
CapEx
4%
$150
Vacancy
3%
$113
Maintenance
4%
$150
Other
11%
$413