This property looks like a bad Mid-Term investment with a projected -4.37% first-year return on $110k initial cash invested.
-4.37%
Cash On Cash
5.73%
Cap Rate
0.9
DSCR
$4,026
Rent
-$401
Cashflow
Cash Flow
$4,026 income − $4,427 expenses = $401 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,026
Total Expenses
$4,427
Mortgage P&I
58%
$2,336
Property Taxes
14%
$569
Home Insurance
4%
$153
HOA
0%
$0
Property Management
12%
$483
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$443