This property looks like a bad Mid-Term investment with a projected -7.84% first-year return on $110k initial cash invested.
-7.84%
Cash On Cash
4.92%
Cap Rate
0.75
DSCR
$2,990
Rent
-$719
Cashflow
Cash Flow
$2,990 income − $3,709 expenses = $719 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,720
Closing costs
1%
$4,386
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,990
Total Expenses
$3,709
Mortgage P&I
80%
$2,399
Property Taxes
4%
$134
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329