This property looks like a bad Mid-Term investment with a projected -5.06% first-year return on $110k initial cash invested.
-5.06%
Cash On Cash
5.74%
Cap Rate
0.87
DSCR
$3,996
Rent
-$465
Cashflow
Cash Flow
$3,996 income − $4,461 expenses = $465 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%
$87,860
Closing costs
1%
$4,393
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,996
Total Expenses
$4,461
Mortgage P&I
60%
$2,406
Property Taxes
13%
$531
Home Insurance
4%
$164
HOA
0%
$0
Property Management
12%
$480
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$440