This property looks like a bad Mid-Term investment with a projected -8.19% first-year return on $110k initial cash invested.
-8.19%
Cash On Cash
4.69%
Cap Rate
0.73
DSCR
$2,940
Rent
-$753
Cashflow
Cash Flow
$2,940 income − $3,693 expenses = $753 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,940
Total Expenses
$3,693
Mortgage P&I
80%
$2,356
Property Taxes
6%
$183
Home Insurance
5%
$154
HOA
0%
$0
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$323