This property looks like a bad Mid-Term investment with a projected -5.9% first-year return on $110k initial cash invested.
-5.9%
Cash On Cash
5.11%
Cap Rate
0.82
DSCR
$3,256
Rent
-$543
Cashflow
Cash Flow
$3,256 income − $3,799 expenses = $543 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,256
Total Expenses
$3,799
Mortgage P&I
70%
$2,285
Property Taxes
8%
$253
Home Insurance
5%
$154
HOA
0%
$0
Property Management
12%
$391
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358