This property looks like a bad Mid-Term investment with a projected -19.74% first-year return on $110k initial cash invested.
-19.74%
Cash On Cash
1.19%
Cap Rate
0.2
DSCR
$1,221
Rent
-$1,816
Cashflow
Cash Flow
$1,221 income − $3,037 expenses = $1,816 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
6.4%
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
$1,221
Total Expenses
$3,037
Mortgage P&I
181%
$2,204
Property Taxes
22%
$263
Home Insurance
13%
$154
HOA
0%
$0
Property Management
12%
$147
CapEx
4%
$49
Vacancy
3%
$37
Maintenance
4%
$49
Other
11%
$134