This property looks like a bad Mid-Term investment with a projected -3.16% first-year return on $110k initial cash invested.
-3.16%
Cash On Cash
5.8%
Cap Rate
0.94
DSCR
$3,844
Rent
-$290
Cashflow
Cash Flow
$3,844 income − $4,134 expenses = $290 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%
$87,900
Closing costs
1%
$4,395
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,844
Total Expenses
$4,134
Mortgage P&I
59%
$2,259
Property Taxes
11%
$414
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$461
CapEx
4%
$154
Vacancy
3%
$115
Maintenance
4%
$154
Other
11%
$423