This property looks like a bad Mid-Term investment with a projected -4.63% first-year return on $110k initial cash invested.
-4.63%
Cash On Cash
5.52%
Cap Rate
0.88
DSCR
$3,777
Rent
-$426
Cashflow
Cash Flow
$3,777 income − $4,203 expenses = $426 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,900
Closing costs
1%
$4,395
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,777
Total Expenses
$4,203
Mortgage P&I
61%
$2,296
Property Taxes
12%
$466
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$453
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$415