This property looks like a bad Mid-Term investment with a projected -5.41% first-year return on $110k initial cash invested.
-5.41%
Cash On Cash
5.43%
Cap Rate
0.85
DSCR
$3,870
Rent
-$495
Cashflow
Cash Flow
$3,870 income − $4,365 expenses = $495 out of pocket
Investment Breakdown
|
Purchase Price
$437k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,460
Closing costs
1%
$4,373
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,870
Total Expenses
$4,365
Mortgage P&I
60%
$2,320
Property Taxes
10%
$382
Home Insurance
4%
$157
HOA
5%
$190
Property Management
12%
$464
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$426