This property looks like a bad Mid-Term investment with a projected -0.7% first-year return on $110k initial cash invested.
-0.7%
Cash On Cash
6.37%
Cap Rate
1.05
DSCR
$4,394
Rent
-$64
Cashflow
Cash Flow
$4,394 income − $4,458 expenses = $64 out of pocket
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,540
Closing costs
1%
$4,377
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,394
Total Expenses
$4,458
Mortgage P&I
50%
$2,213
Property Taxes
13%
$572
Home Insurance
4%
$179
HOA
0%
$0
Property Management
12%
$527
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$483