This property looks like a bad Mid-Term investment with a projected -2.19% first-year return on $110k initial cash invested.
-2.19%
Cash On Cash
6.49%
Cap Rate
0.99
DSCR
$4,719
Rent
-$202
Cashflow
Cash Flow
$4,719 income − $4,921 expenses = $202 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%
$88,080
Closing costs
1%
$4,404
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,719
Total Expenses
$4,921
Mortgage P&I
51%
$2,396
Property Taxes
15%
$694
Home Insurance
3%
$158
HOA
1%
$68
Property Management
12%
$566
CapEx
4%
$189
Vacancy
3%
$142
Maintenance
4%
$189
Other
11%
$519