This property looks like a bad Mid-Term investment with a projected -7.1% first-year return on $110k initial cash invested.
-7.1%
Cash On Cash
5.55%
Cap Rate
0.8
DSCR
$3,795
Rent
-$653
Cashflow
Cash Flow
$3,795 income − $4,448 expenses = $653 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,997
Closing costs
1%
$4,400
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,795
Total Expenses
$4,448
Mortgage P&I
67%
$2,535
Property Taxes
12%
$469
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$455
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$417