This property looks like a bad Mid-Term investment with a projected -12.85% first-year return on $110k initial cash invested.
-12.85%
Cash On Cash
3.85%
Cap Rate
0.57
DSCR
$3,360
Rent
-$1,173
Cashflow
Cash Flow
$3,360 income − $4,533 expenses = $1,173 out of pocket
Investment Breakdown
|
Purchase Price
$436k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,180
Closing costs
1%
$4,359
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,360
Total Expenses
$4,533
Mortgage P&I
73%
$2,438
Property Taxes
24%
$795
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$403
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$370