This property looks like a bad Mid-Term investment with a projected -7.45% first-year return on $110k initial cash invested.
-7.45%
Cash On Cash
5.05%
Cap Rate
0.77
DSCR
$2,949
Rent
-$685
Cashflow
Cash Flow
$2,949 income − $3,634 expenses = $685 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%
$87,900
Closing costs
1%
$4,395
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,949
Total Expenses
$3,634
Mortgage P&I
82%
$2,418
Property Taxes
2%
$56
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324