This property looks like a bad Mid-Term investment with a projected -9.75% first-year return on $110k initial cash invested.
-9.75%
Cash On Cash
4.63%
Cap Rate
0.69
DSCR
$3,567
Rent
-$891
Cashflow
Cash Flow
$3,567 income − $4,458 expenses = $891 out of pocket
Investment Breakdown
|
Purchase Price
$437k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,300
Closing costs
1%
$4,365
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,567
Total Expenses
$4,458
Mortgage P&I
68%
$2,433
Property Taxes
19%
$663
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$428
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$392