This property looks like a bad Mid-Term investment with a projected -2.38% first-year return on $110k initial cash invested.
-2.38%
Cash On Cash
6.58%
Cap Rate
0.98
DSCR
$4,298
Rent
-$218
Cashflow
Cash Flow
$4,298 income − $4,516 expenses = $218 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,700
Closing costs
1%
$4,385
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,298
Total Expenses
$4,516
Mortgage P&I
57%
$2,452
Property Taxes
10%
$448
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$516
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$473