This property looks like a bad Mid-Term investment with a projected -4.71% first-year return on $110k initial cash invested.
-4.71%
Cash On Cash
5.71%
Cap Rate
0.88
DSCR
$3,735
Rent
-$431
Cashflow
Cash Flow
$3,735 income − $4,166 expenses = $431 out of pocket
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,735
Total Expenses
$4,166
Mortgage P&I
63%
$2,365
Property Taxes
1%
$54
Home Insurance
4%
$166
HOA
8%
$312
Property Management
12%
$448
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$411