This property looks like a bad Mid-Term investment with a projected -10.74% first-year return on $110k initial cash invested.
-10.74%
Cash On Cash
4.12%
Cap Rate
0.64
DSCR
$3,440
Rent
-$986
Cashflow
Cash Flow
$3,440 income − $4,426 expenses = $986 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,740
Closing costs
1%
$4,387
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,440
Total Expenses
$4,426
Mortgage P&I
68%
$2,353
Property Taxes
21%
$727
Home Insurance
5%
$166
HOA
0%
$10
Property Management
12%
$413
CapEx
4%
$138
Vacancy
3%
$103
Maintenance
4%
$138
Other
11%
$378