This property looks like a bad Mid-Term investment with a projected -3.2% first-year return on $110k initial cash invested.
-3.2%
Cash On Cash
6.17%
Cap Rate
0.94
DSCR
$4,036
Rent
-$294
Cashflow
Cash Flow
$4,036 income − $4,330 expenses = $294 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,820
Closing costs
1%
$4,391
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,036
Total Expenses
$4,330
Mortgage P&I
59%
$2,389
Property Taxes
10%
$396
Home Insurance
4%
$154
HOA
1%
$20
Property Management
12%
$484
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$444