This property looks like a bad Mid-Term investment with a projected -11.08% first-year return on $110k initial cash invested.
-11.08%
Cash On Cash
3.8%
Cap Rate
0.6
DSCR
$2,474
Rent
-$1,019
Cashflow
Cash Flow
$2,474 income − $3,493 expenses = $1,019 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,474
Total Expenses
$3,493
Mortgage P&I
93%
$2,312
Property Taxes
8%
$186
Home Insurance
6%
$154
HOA
0%
$0
Property Management
12%
$297
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$272