This property looks like a bad Mid-Term investment with a projected -5.82% first-year return on $110k initial cash invested.
-5.82%
Cash On Cash
5.41%
Cap Rate
0.84
DSCR
$3,633
Rent
-$535
Cashflow
Cash Flow
$3,633 income − $4,168 expenses = $535 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,633
Total Expenses
$4,168
Mortgage P&I
65%
$2,372
Property Taxes
11%
$407
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$436
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$400