This property looks like a bad Mid-Term investment with a projected -1.07% first-year return on $110k initial cash invested.
-1.07%
Cash On Cash
6.9%
Cap Rate
1.04
DSCR
$4,700
Rent
-$98
Cashflow
Cash Flow
$4,700 income − $4,798 expenses = $98 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,980
Closing costs
1%
$4,399
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,700
Total Expenses
$4,798
Mortgage P&I
52%
$2,440
Property Taxes
13%
$606
Home Insurance
3%
$154
HOA
0%
$0
Property Management
12%
$564
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$517