This property looks like a bad Mid-Term investment with a projected -7.37% first-year return on $110k initial cash invested.
-7.37%
Cash On Cash
5.06%
Cap Rate
0.78
DSCR
$3,576
Rent
-$678
Cashflow
Cash Flow
$3,576 income − $4,254 expenses = $678 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%
$88,000
Closing costs
1%
$4,400
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,576
Total Expenses
$4,254
Mortgage P&I
67%
$2,391
Property Taxes
13%
$461
Home Insurance
4%
$154
HOA
1%
$33
Property Management
12%
$429
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$393