This property looks like a bad Mid-Term investment with a projected -9.07% first-year return on $110k initial cash invested.
-9.07%
Cash On Cash
4.67%
Cap Rate
0.71
DSCR
$3,398
Rent
-$833
Cashflow
Cash Flow
$3,398 income − $4,231 expenses = $833 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,840
Closing costs
1%
$4,392
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,398
Total Expenses
$4,231
Mortgage P&I
71%
$2,406
Property Taxes
15%
$512
Home Insurance
5%
$157
HOA
0%
$0
Property Management
12%
$408
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$374