This property looks like a bad Mid-Term investment with a projected -7.7% first-year return on $110k initial cash invested.
-7.7%
Cash On Cash
4.86%
Cap Rate
0.76
DSCR
$3,280
Rent
-$707
Cashflow
Cash Flow
$3,280 income − $3,987 expenses = $707 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%
$87,780
Closing costs
1%
$4,389
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,280
Total Expenses
$3,987
Mortgage P&I
72%
$2,355
Property Taxes
11%
$362
Home Insurance
5%
$155
HOA
0%
$0
Property Management
12%
$394
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$361