This property looks like a bad Mid-Term investment with a projected -12.84% first-year return on $110k initial cash invested.
-12.84%
Cash On Cash
3.24%
Cap Rate
0.53
DSCR
$3,064
Rent
-$1,181
Cashflow
Cash Flow
$3,064 income − $4,245 expenses = $1,181 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,064
Total Expenses
$4,245
Mortgage P&I
73%
$2,245
Property Taxes
26%
$783
Home Insurance
5%
$154
HOA
1%
$20
Property Management
12%
$368
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$337