This property looks like a bad Mid-Term investment with a projected -8.41% first-year return on $110k initial cash invested.
-8.41%
Cash On Cash
4.38%
Cap Rate
0.71
DSCR
$3,304
Rent
-$771
Cashflow
Cash Flow
$3,304 income − $4,075 expenses = $771 out of pocket
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,580
Closing costs
1%
$4,379
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,304
Total Expenses
$4,075
Mortgage P&I
68%
$2,237
Property Taxes
17%
$558
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$396
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$363