This property looks like a bad Mid-Term investment with a projected -8.84% first-year return on $110k initial cash invested.
-8.84%
Cash On Cash
4.43%
Cap Rate
0.7
DSCR
$2,910
Rent
-$812
Cashflow
Cash Flow
$2,910 income − $3,722 expenses = $812 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,800
Closing costs
1%
$4,390
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,910
Total Expenses
$3,722
Mortgage P&I
80%
$2,317
Property Taxes
6%
$188
Home Insurance
5%
$154
HOA
3%
$75
Property Management
12%
$349
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$320