This property looks like a bad Mid-Term investment with a projected -1.41% first-year return on $110k initial cash invested.
-1.41%
Cash On Cash
6.64%
Cap Rate
1.03
DSCR
$5,240
Rent
-$130
Cashflow
Cash Flow
$5,240 income − $5,370 expenses = $130 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%
$87,900
Closing costs
1%
$4,395
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,240
Total Expenses
$5,370
Mortgage P&I
45%
$2,352
Property Taxes
16%
$826
Home Insurance
3%
$154
HOA
5%
$256
Property Management
12%
$629
CapEx
4%
$210
Vacancy
3%
$157
Maintenance
4%
$210
Other
11%
$576