This property looks like a bad Mid-Term investment with a projected -5.27% first-year return on $110k initial cash invested.
-5.27%
Cash On Cash
5.69%
Cap Rate
0.86
DSCR
$3,874
Rent
-$485
Cashflow
Cash Flow
$3,874 income − $4,359 expenses = $485 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,874
Total Expenses
$4,359
Mortgage P&I
62%
$2,416
Property Taxes
12%
$472
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$465
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$426