This property looks like a bad Mid-Term investment with a projected -5.39% first-year return on $110k initial cash invested.
-5.39%
Cash On Cash
5.62%
Cap Rate
0.85
DSCR
$3,408
Rent
-$495
Cashflow
Cash Flow
$3,408 income − $3,903 expenses = $495 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,408
Total Expenses
$3,903
Mortgage P&I
71%
$2,416
Property Taxes
3%
$108
Home Insurance
5%
$154
HOA
2%
$67
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375