This property looks like a bad Mid-Term investment with a projected -2.37% first-year return on $110k initial cash invested.
-2.37%
Cash On Cash
5.98%
Cap Rate
0.98
DSCR
$4,072
Rent
-$217
Cashflow
Cash Flow
$4,072 income − $4,289 expenses = $217 out of pocket
Investment Breakdown
|
Purchase Price
$437k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,380
Closing costs
1%
$4,369
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,072
Total Expenses
$4,289
Mortgage P&I
55%
$2,233
Property Taxes
12%
$479
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$489
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$448