This property looks like a bad Mid-Term investment with a projected -4.39% first-year return on $110k initial cash invested.
-4.39%
Cash On Cash
6.12%
Cap Rate
0.9
DSCR
$4,140
Rent
-$403
Cashflow
Cash Flow
$4,140 income − $4,543 expenses = $403 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,800
Closing costs
1%
$4,390
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,140
Total Expenses
$4,543
Mortgage P&I
60%
$2,475
Property Taxes
12%
$506
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$497
CapEx
4%
$166
Vacancy
3%
$124
Maintenance
4%
$166
Other
11%
$455