This property looks like a bad Mid-Term investment with a projected -7.22% first-year return on $110k initial cash invested.
-7.22%
Cash On Cash
5.15%
Cap Rate
0.78
DSCR
$3,492
Rent
-$660
Cashflow
Cash Flow
$3,492 income − $4,152 expenses = $660 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%
$87,340
Closing costs
1%
$4,367
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,492
Total Expenses
$4,152
Mortgage P&I
69%
$2,395
Property Taxes
10%
$357
Home Insurance
4%
$154
HOA
2%
$58
Property Management
12%
$419
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$384