This property looks like a bad Mid-Term investment with a projected -2.88% first-year return on $110k initial cash invested.
-2.88%
Cash On Cash
5.86%
Cap Rate
0.95
DSCR
$3,543
Rent
-$264
Cashflow
Cash Flow
$3,543 income − $3,807 expenses = $264 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,800
Closing costs
1%
$4,390
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,543
Total Expenses
$3,807
Mortgage P&I
64%
$2,265
Property Taxes
5%
$183
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$425
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$390