This property looks like a bad Mid-Term investment with a projected -10.12% first-year return on $110k initial cash invested.
-10.12%
Cash On Cash
4.51%
Cap Rate
0.68
DSCR
$3,500
Rent
-$929
Cashflow
Cash Flow
$3,500 income − $4,429 expenses = $929 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
$3,500
Total Expenses
$4,429
Mortgage P&I
70%
$2,439
Property Taxes
18%
$646
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$420
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$385