This property looks like a bad Mid-Term investment with a projected -8.84% first-year return on $110k initial cash invested.
-8.84%
Cash On Cash
4.56%
Cap Rate
0.71
DSCR
$3,111
Rent
-$811
Cashflow
Cash Flow
$3,111 income − $3,922 expenses = $811 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,700
Closing costs
1%
$4,385
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,111
Total Expenses
$3,922
Mortgage P&I
76%
$2,352
Property Taxes
12%
$358
Home Insurance
5%
$156
HOA
0%
$0
Property Management
12%
$373
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$342