This property looks like a bad Mid-Term investment with a projected -1.87% first-year return on $110k initial cash invested.
-1.87%
Cash On Cash
6.55%
Cap Rate
1
DSCR
$4,047
Rent
-$172
Cashflow
Cash Flow
$4,047 income − $4,219 expenses = $172 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%
$88,020
Closing costs
1%
$4,401
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,047
Total Expenses
$4,219
Mortgage P&I
60%
$2,413
Property Taxes
7%
$272
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$486
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$445