This property looks like a bad Mid-Term investment with a projected -8.23% first-year return on $110k initial cash invested.
-8.23%
Cash On Cash
4.87%
Cap Rate
0.74
DSCR
$3,322
Rent
-$752
Cashflow
Cash Flow
$3,322 income − $4,074 expenses = $752 out of pocket
Investment Breakdown
|
Purchase Price
$437k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,340
Closing costs
1%
$4,367
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,322
Total Expenses
$4,074
Mortgage P&I
72%
$2,391
Property Taxes
12%
$397
Home Insurance
5%
$156
HOA
0%
$0
Property Management
12%
$399
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$365