This property looks like a bad Mid-Term investment with a projected -6.71% first-year return on $110k initial cash invested.
-6.71%
Cash On Cash
4.96%
Cap Rate
0.79
DSCR
$3,177
Rent
-$616
Cashflow
Cash Flow
$3,177 income − $3,793 expenses = $616 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,177
Total Expenses
$3,793
Mortgage P&I
72%
$2,302
Property Taxes
8%
$258
Home Insurance
5%
$154
HOA
0%
$0
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$349