This property looks like a bad Mid-Term investment with a projected -6.87% first-year return on $110k initial cash invested.
-6.87%
Cash On Cash
4.7%
Cap Rate
0.77
DSCR
$2,970
Rent
-$628
Cashflow
Cash Flow
$2,970 income − $3,598 expenses = $628 out of pocket
Investment Breakdown
|
Purchase Price
$437k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,320
Closing costs
1%
$4,366
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,970
Total Expenses
$3,598
Mortgage P&I
75%
$2,219
Property Taxes
7%
$211
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$356
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327