This property looks like a bad Mid-Term investment with a projected -4.18% first-year return on $110k initial cash invested.
-4.18%
Cash On Cash
5.98%
Cap Rate
0.91
DSCR
$4,066
Rent
-$384
Cashflow
Cash Flow
$4,066 income − $4,450 expenses = $384 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,820
Closing costs
1%
$4,391
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,066
Total Expenses
$4,450
Mortgage P&I
59%
$2,411
Property Taxes
12%
$498
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$488
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$447