This property looks like a bad Mid-Term investment with a projected -6.32% first-year return on $110k initial cash invested.
-6.32%
Cash On Cash
5.37%
Cap Rate
0.82
DSCR
$3,466
Rent
-$581
Cashflow
Cash Flow
$3,466 income − $4,047 expenses = $581 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
$3,466
Total Expenses
$4,047
Mortgage P&I
70%
$2,412
Property Taxes
9%
$302
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$416
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$381