This property looks like a bad Mid-Term investment with a projected -5.53% first-year return on $110k initial cash invested.
-5.53%
Cash On Cash
5.53%
Cap Rate
0.84
DSCR
$3,186
Rent
-$506
Cashflow
Cash Flow
$3,186 income − $3,692 expenses = $506 out of pocket
Investment Breakdown
|
Purchase Price
$437k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,460
Closing costs
1%
$4,373
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,186
Total Expenses
$3,692
Mortgage P&I
75%
$2,395
Property Taxes
2%
$57
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$382
CapEx
4%
$127
Vacancy
3%
$96
Maintenance
4%
$127
Other
11%
$350