This property looks like a bad Mid-Term investment with a projected -3.61% first-year return on $110k initial cash invested.
-3.61%
Cash On Cash
5.66%
Cap Rate
0.92
DSCR
$3,494
Rent
-$332
Cashflow
Cash Flow
$3,494 income − $3,826 expenses = $332 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$88,020
Closing costs
1%
$4,401
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,494
Total Expenses
$3,826
Mortgage P&I
65%
$2,266
Property Taxes
6%
$209
Home Insurance
5%
$163
HOA
0%
$0
Property Management
12%
$419
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$384