This property looks like a bad Mid-Term investment with a projected -3.08% first-year return on $110k initial cash invested.
-3.08%
Cash On Cash
6.08%
Cap Rate
0.94
DSCR
$3,820
Rent
-$283
Cashflow
Cash Flow
$3,820 income − $4,103 expenses = $283 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
$3,820
Total Expenses
$4,103
Mortgage P&I
62%
$2,359
Property Taxes
7%
$283
Home Insurance
4%
$154
HOA
0%
$8
Property Management
12%
$458
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$420