This property looks like a bad Mid-Term investment with a projected -2.92% first-year return on $110k initial cash invested.
-2.92%
Cash On Cash
6.17%
Cap Rate
0.96
DSCR
$4,042
Rent
-$267
Cashflow
Cash Flow
$4,042 income − $4,309 expenses = $267 out of pocket
Investment Breakdown
|
Purchase Price
$436k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,280
Closing costs
1%
$4,364
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,042
Total Expenses
$4,309
Mortgage P&I
58%
$2,349
Property Taxes
11%
$427
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$485
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$445