This property looks like a bad Mid-Term investment with a projected -3.59% first-year return on $110k initial cash invested.
-3.59%
Cash On Cash
6.21%
Cap Rate
0.93
DSCR
$3,954
Rent
-$329
Cashflow
Cash Flow
$3,954 income − $4,283 expenses = $329 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%
$87,540
Closing costs
1%
$4,377
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,954
Total Expenses
$4,283
Mortgage P&I
62%
$2,437
Property Taxes
9%
$348
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$474
CapEx
4%
$158
Vacancy
3%
$119
Maintenance
4%
$158
Other
11%
$435