This property looks like a bad Mid-Term investment with a projected -15.85% first-year return on $110k initial cash invested.
-15.85%
Cash On Cash
2.68%
Cap Rate
0.42
DSCR
$2,044
Rent
-$1,455
Cashflow
Cash Flow
$2,044 income − $3,499 expenses = $1,455 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,044
Total Expenses
$3,499
Mortgage P&I
115%
$2,352
Property Taxes
15%
$298
Home Insurance
8%
$154
HOA
0%
$0
Property Management
12%
$245
CapEx
4%
$82
Vacancy
3%
$61
Maintenance
4%
$82
Other
11%
$225