This property looks like a bad Mid-Term investment with a projected -4.68% first-year return on $110k initial cash invested.
-4.68%
Cash On Cash
5.7%
Cap Rate
0.88
DSCR
$3,948
Rent
-$430
Cashflow
Cash Flow
$3,948 income − $4,378 expenses = $430 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,880
Closing costs
1%
$4,394
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,948
Total Expenses
$4,378
Mortgage P&I
60%
$2,358
Property Taxes
13%
$511
Home Insurance
4%
$154
HOA
0%
$13
Property Management
12%
$474
CapEx
4%
$158
Vacancy
3%
$118
Maintenance
4%
$158
Other
11%
$434