This property looks like a bad Mid-Term investment with a projected -6.77% first-year return on $110k initial cash invested.
-6.77%
Cash On Cash
4.76%
Cap Rate
0.77
DSCR
$2,824
Rent
-$618
Cashflow
Cash Flow
$2,824 income − $3,442 expenses = $618 out of pocket
Investment Breakdown
|
Purchase Price
$436k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,240
Closing costs
1%
$4,362
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,824
Total Expenses
$3,442
Mortgage P&I
79%
$2,237
Property Taxes
3%
$86
Home Insurance
6%
$158
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311