This property looks like a bad Mid-Term investment with a projected -10.99% first-year return on $110k initial cash invested.
-10.99%
Cash On Cash
4.28%
Cap Rate
0.64
DSCR
$3,034
Rent
-$1,011
Cashflow
Cash Flow
$3,034 income − $4,045 expenses = $1,011 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,034
Total Expenses
$4,045
Mortgage P&I
81%
$2,460
Property Taxes
13%
$400
Home Insurance
5%
$154
HOA
0%
$0
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$334