This property looks like a bad Mid-Term investment with a projected -0.78% first-year return on $110k initial cash invested.
-0.78%
Cash On Cash
6.74%
Cap Rate
1.04
DSCR
$4,154
Rent
-$72
Cashflow
Cash Flow
$4,154 income − $4,226 expenses = $72 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%
$88,000
Closing costs
1%
$4,400
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,154
Total Expenses
$4,226
Mortgage P&I
57%
$2,376
Property Taxes
6%
$246
Home Insurance
4%
$154
HOA
1%
$38
Property Management
12%
$498
CapEx
4%
$166
Vacancy
3%
$125
Maintenance
4%
$166
Other
11%
$457