This property looks like a bad Mid-Term investment with a projected -4.67% first-year return on $110k initial cash invested.
-4.67%
Cash On Cash
5.47%
Cap Rate
0.88
DSCR
$4,191
Rent
-$430
Cashflow
Cash Flow
$4,191 income − $4,621 expenses = $430 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
6.7%
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
$4,191
Total Expenses
$4,621
Mortgage P&I
54%
$2,268
Property Taxes
19%
$787
Home Insurance
3%
$140
HOA
0%
$0
Property Management
12%
$503
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$461