This property looks like a bad Mid-Term investment with a projected -3.88% first-year return on $110k initial cash invested.
-3.88%
Cash On Cash
6.06%
Cap Rate
0.92
DSCR
$4,154
Rent
-$356
Cashflow
Cash Flow
$4,154 income − $4,510 expenses = $356 out of pocket
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,680
Closing costs
1%
$4,384
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,154
Total Expenses
$4,510
Mortgage P&I
58%
$2,404
Property Taxes
11%
$436
Home Insurance
4%
$175
HOA
2%
$83
Property Management
12%
$498
CapEx
4%
$166
Vacancy
3%
$125
Maintenance
4%
$166
Other
11%
$457