This property looks like a bad Mid-Term investment with a projected -2.16% first-year return on $110k initial cash invested.
-2.16%
Cash On Cash
6.29%
Cap Rate
0.99
DSCR
$4,182
Rent
-$198
Cashflow
Cash Flow
$4,182 income − $4,380 expenses = $198 out of pocket
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,640
Closing costs
1%
$4,382
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,182
Total Expenses
$4,380
Mortgage P&I
56%
$2,329
Property Taxes
11%
$473
Home Insurance
4%
$147
HOA
0%
$10
Property Management
12%
$502
CapEx
4%
$167
Vacancy
3%
$125
Maintenance
4%
$167
Other
11%
$460