This property looks like a bad Mid-Term investment with a projected -8.31% first-year return on $110k initial cash invested.
-8.31%
Cash On Cash
4.84%
Cap Rate
0.74
DSCR
$3,418
Rent
-$764
Cashflow
Cash Flow
$3,418 income − $4,182 expenses = $764 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,960
Closing costs
1%
$4,398
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,418
Total Expenses
$4,182
Mortgage P&I
70%
$2,402
Property Taxes
13%
$460
Home Insurance
5%
$157
HOA
0%
$0
Property Management
12%
$410
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$376