This property looks like a bad Mid-Term investment with a projected -5.61% first-year return on $110k initial cash invested.
-5.61%
Cash On Cash
5.53%
Cap Rate
0.84
DSCR
$3,249
Rent
-$514
Cashflow
Cash Flow
$3,249 income − $3,763 expenses = $514 out of pocket
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,520
Closing costs
1%
$4,376
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,249
Total Expenses
$3,763
Mortgage P&I
74%
$2,401
Property Taxes
1%
$46
Home Insurance
5%
$158
HOA
2%
$54
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357