This property looks like a bad Mid-Term investment with a projected -15.61% first-year return on $110k initial cash invested.
-15.61%
Cash On Cash
3.08%
Cap Rate
0.46
DSCR
$2,054
Rent
-$1,436
Cashflow
Cash Flow
$2,054 income − $3,490 expenses = $1,436 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$88,000
Closing costs
1%
$4,400
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,054
Total Expenses
$3,490
Mortgage P&I
121%
$2,485
Property Taxes
7%
$153
Home Insurance
8%
$154
HOA
0%
$0
Property Management
12%
$246
CapEx
4%
$82
Vacancy
3%
$62
Maintenance
4%
$82
Other
11%
$226