This property looks like a bad Mid-Term investment with a projected -5.76% first-year return on $110k initial cash invested.
-5.76%
Cash On Cash
5.52%
Cap Rate
0.84
DSCR
$3,532
Rent
-$527
Cashflow
Cash Flow
$3,532 income − $4,059 expenses = $527 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
$3,532
Total Expenses
$4,059
Mortgage P&I
68%
$2,395
Property Taxes
9%
$307
Home Insurance
4%
$156
HOA
0%
$0
Property Management
12%
$424
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$389