This property looks like a bad Mid-Term investment with a projected -5.38% first-year return on $110k initial cash invested.
-5.38%
Cash On Cash
5.61%
Cap Rate
0.86
DSCR
$4,048
Rent
-$495
Cashflow
Cash Flow
$4,048 income − $4,543 expenses = $495 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,048
Total Expenses
$4,543
Mortgage P&I
59%
$2,391
Property Taxes
13%
$523
Home Insurance
4%
$154
HOA
2%
$99
Property Management
12%
$486
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$445