This property looks like a bad Mid-Term investment with a projected -12.14% first-year return on $110k initial cash invested.
-12.14%
Cash On Cash
3.67%
Cap Rate
0.57
DSCR
$2,583
Rent
-$1,117
Cashflow
Cash Flow
$2,583 income − $3,700 expenses = $1,117 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
$2,583
Total Expenses
$3,700
Mortgage P&I
91%
$2,359
Property Taxes
12%
$310
Home Insurance
6%
$154
HOA
0%
$0
Property Management
12%
$310
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$284