This property looks like a bad Mid-Term investment with a projected -1.61% first-year return on $110k initial cash invested.
-1.61%
Cash On Cash
6.68%
Cap Rate
1.02
DSCR
$4,582
Rent
-$147
Cashflow
Cash Flow
$4,582 income − $4,729 expenses = $147 out of pocket
Investment Breakdown
|
Purchase Price
$437k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,480
Closing costs
1%
$4,374
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,582
Total Expenses
$4,729
Mortgage P&I
52%
$2,398
Property Taxes
12%
$558
Home Insurance
3%
$156
HOA
1%
$60
Property Management
12%
$550
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$504