This property looks like a bad Mid-Term investment with a projected -14.33% first-year return on $110k initial cash invested.
-14.33%
Cash On Cash
3.22%
Cap Rate
0.49
DSCR
$2,680
Rent
-$1,318
Cashflow
Cash Flow
$2,680 income − $3,998 expenses = $1,318 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,680
Total Expenses
$3,998
Mortgage P&I
89%
$2,390
Property Taxes
20%
$543
Home Insurance
6%
$154
HOA
0%
$0
Property Management
12%
$322
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$295