This property looks like a bad Mid-Term investment with a projected -4.24% first-year return on $110k initial cash invested.
-4.24%
Cash On Cash
5.62%
Cap Rate
0.89
DSCR
$3,332
Rent
-$390
Cashflow
Cash Flow
$3,332 income − $3,722 expenses = $390 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,980
Closing costs
1%
$4,399
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,332
Total Expenses
$3,722
Mortgage P&I
70%
$2,317
Property Taxes
3%
$95
Home Insurance
5%
$154
HOA
1%
$23
Property Management
12%
$400
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$367