This property looks like a bad Mid-Term investment with a projected -2.86% first-year return on $110k initial cash invested.
-2.86%
Cash On Cash
6.22%
Cap Rate
0.96
DSCR
$4,016
Rent
-$261
Cashflow
Cash Flow
$4,016 income − $4,277 expenses = $261 out of pocket
Investment Breakdown
|
Purchase Price
$436k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,280
Closing costs
1%
$4,364
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,016
Total Expenses
$4,277
Mortgage P&I
59%
$2,362
Property Taxes
10%
$393
Home Insurance
4%
$156
HOA
0%
$0
Property Management
12%
$482
CapEx
4%
$161
Vacancy
3%
$120
Maintenance
4%
$161
Other
11%
$442