This property looks like a bad Mid-Term investment with a projected -7.13% first-year return on $110k initial cash invested.
-7.13%
Cash On Cash
5.01%
Cap Rate
0.78
DSCR
$3,412
Rent
-$653
Cashflow
Cash Flow
$3,412 income − $4,065 expenses = $653 out of pocket
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,560
Closing costs
1%
$4,378
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,412
Total Expenses
$4,065
Mortgage P&I
69%
$2,343
Property Taxes
12%
$408
Home Insurance
5%
$156
HOA
0%
$0
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375