This property looks like a bad Mid-Term investment with a projected -3.63% first-year return on $110k initial cash invested.
-3.63%
Cash On Cash
6.11%
Cap Rate
0.93
DSCR
$3,972
Rent
-$334
Cashflow
Cash Flow
$3,972 income − $4,306 expenses = $334 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%
$88,000
Closing costs
1%
$4,400
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,972
Total Expenses
$4,306
Mortgage P&I
61%
$2,417
Property Taxes
10%
$384
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$477
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$437