This property looks like a bad Mid-Term investment with a projected -8.93% first-year return on $110k initial cash invested.
-8.93%
Cash On Cash
4.51%
Cap Rate
0.7
DSCR
$2,838
Rent
-$822
Cashflow
Cash Flow
$2,838 income − $3,660 expenses = $822 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%
$88,000
Closing costs
1%
$4,400
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,838
Total Expenses
$3,660
Mortgage P&I
83%
$2,363
Property Taxes
6%
$173
Home Insurance
6%
$158
HOA
0%
$0
Property Management
12%
$341
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$312