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
4.8%
Cap Rate
0.72
DSCR
$3,795
Rent
-$832
Cashflow
Cash Flow
$3,795 income − $4,627 expenses = $832 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,980
Closing costs
1%
$4,399
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,795
Total Expenses
$4,627
Mortgage P&I
64%
$2,439
Property Taxes
20%
$744
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$455
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$417