This property looks like a bad Mid-Term investment with a projected -6.28% first-year return on $110k initial cash invested.
-6.28%
Cash On Cash
5.61%
Cap Rate
0.82
DSCR
$3,447
Rent
-$578
Cashflow
Cash Flow
$3,447 income − $4,025 expenses = $578 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.7%
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
$3,447
Total Expenses
$4,025
Mortgage P&I
72%
$2,497
Property Taxes
6%
$202
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$414
CapEx
4%
$138
Vacancy
3%
$103
Maintenance
4%
$138
Other
11%
$379