This property looks like a bad Mid-Term investment with a projected -2% first-year return on $110k initial cash invested.
-2%
Cash On Cash
6.71%
Cap Rate
1
DSCR
$4,563
Rent
-$183
Cashflow
Cash Flow
$4,563 income − $4,746 expenses = $183 out of pocket
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,500
Closing costs
1%
$4,375
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,563
Total Expenses
$4,746
Mortgage P&I
54%
$2,447
Property Taxes
13%
$571
Home Insurance
3%
$154
HOA
0%
$21
Property Management
12%
$548
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$502