This property looks like a bad Mid-Term investment with a projected -8.61% first-year return on $110k initial cash invested.
-8.61%
Cash On Cash
4.44%
Cap Rate
0.72
DSCR
$3,814
Rent
-$789
Cashflow
Cash Flow
$3,814 income − $4,603 expenses = $789 out of pocket
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,620
Closing costs
1%
$4,381
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,814
Total Expenses
$4,603
Mortgage P&I
59%
$2,257
Property Taxes
15%
$585
Home Insurance
4%
$158
HOA
8%
$305
Property Management
12%
$458
CapEx
4%
$153
Vacancy
3%
$114
Maintenance
4%
$153
Other
11%
$420