This property looks like a bad Mid-Term investment with a projected -7.69% first-year return on $110k initial cash invested.
-7.69%
Cash On Cash
5.02%
Cap Rate
0.76
DSCR
$3,434
Rent
-$707
Cashflow
Cash Flow
$3,434 income − $4,141 expenses = $707 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%
$87,980
Closing costs
1%
$4,399
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,434
Total Expenses
$4,141
Mortgage P&I
70%
$2,409
Property Taxes
12%
$411
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$412
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$378