This property looks like a bad Mid-Term investment with a projected -9.09% first-year return on $110k initial cash invested.
-9.09%
Cash On Cash
4.63%
Cap Rate
0.7
DSCR
$3,003
Rent
-$837
Cashflow
Cash Flow
$3,003 income − $3,840 expenses = $837 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%
$88,080
Closing costs
1%
$4,404
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,003
Total Expenses
$3,840
Mortgage P&I
80%
$2,417
Property Taxes
8%
$245
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330