This property looks like a bad Mid-Term investment with a projected -15.13% first-year return on $110k initial cash invested.
-15.13%
Cash On Cash
2.6%
Cap Rate
0.42
DSCR
$1,968
Rent
-$1,390
Cashflow
Cash Flow
$1,968 income − $3,358 expenses = $1,390 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,860
Closing costs
1%
$4,393
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,968
Total Expenses
$3,358
Mortgage P&I
115%
$2,263
Property Taxes
14%
$268
Home Insurance
8%
$158
HOA
0%
$0
Property Management
12%
$236
CapEx
4%
$79
Vacancy
3%
$59
Maintenance
4%
$79
Other
11%
$216