This property looks like a bad Mid-Term investment with a projected -7.88% first-year return on $110k initial cash invested.
-7.88%
Cash On Cash
4.9%
Cap Rate
0.76
DSCR
$3,626
Rent
-$725
Cashflow
Cash Flow
$3,626 income − $4,351 expenses = $725 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
$3,626
Total Expenses
$4,351
Mortgage P&I
66%
$2,375
Property Taxes
16%
$589
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$435
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$399