This property looks like a bad Mid-Term investment with a projected -8.61% first-year return on $110k initial cash invested.
-8.61%
Cash On Cash
4.76%
Cap Rate
0.72
DSCR
$3,093
Rent
-$792
Cashflow
Cash Flow
$3,093 income − $3,885 expenses = $792 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%
$88,000
Closing costs
1%
$4,400
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,093
Total Expenses
$3,885
Mortgage P&I
78%
$2,415
Property Taxes
9%
$264
Home Insurance
5%
$154
HOA
0%
$0
Property Management
12%
$371
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$340