This property looks like a bad Mid-Term investment with a projected -1.19% first-year return on $110k initial cash invested.
-1.19%
Cash On Cash
6.65%
Cap Rate
1.03
DSCR
$4,353
Rent
-$109
Cashflow
Cash Flow
$4,353 income − $4,462 expenses = $109 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.1%
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
$4,353
Total Expenses
$4,462
Mortgage P&I
54%
$2,372
Property Taxes
10%
$453
Home Insurance
4%
$157
HOA
0%
$0
Property Management
12%
$522
CapEx
4%
$174
Vacancy
3%
$131
Maintenance
4%
$174
Other
11%
$479