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
5.95%
Cap Rate
0.97
DSCR
$3,843
Rent
-$219
Cashflow
Cash Flow
$3,843 income − $4,062 expenses = $219 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,843
Total Expenses
$4,062
Mortgage P&I
58%
$2,246
Property Taxes
8%
$324
Home Insurance
4%
$154
HOA
1%
$31
Property Management
12%
$461
CapEx
4%
$154
Vacancy
3%
$115
Maintenance
4%
$154
Other
11%
$423