This property looks like a bad Mid-Term investment with a projected -6.7% first-year return on $110k initial cash invested.
-6.7%
Cash On Cash
5.43%
Cap Rate
0.81
DSCR
$4,056
Rent
-$614
Cashflow
Cash Flow
$4,056 income − $4,670 expenses = $614 out of pocket
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,660
Closing costs
1%
$4,383
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,056
Total Expenses
$4,670
Mortgage P&I
60%
$2,435
Property Taxes
17%
$698
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$487
CapEx
4%
$162
Vacancy
3%
$122
Maintenance
4%
$162
Other
11%
$446