This property looks like a bad Mid-Term investment with a projected -9.05% first-year return on $110k initial cash invested.
-9.05%
Cash On Cash
4.16%
Cap Rate
0.68
DSCR
$2,637
Rent
-$831
Cashflow
Cash Flow
$2,637 income − $3,468 expenses = $831 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,637
Total Expenses
$3,468
Mortgage P&I
85%
$2,248
Property Taxes
6%
$171
Home Insurance
6%
$154
HOA
0%
$0
Property Management
12%
$316
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$290