This property looks like a bad Mid-Term investment with a projected -10.61% first-year return on $109k initial cash invested.
-10.61%
Cash On Cash
4.48%
Cap Rate
0.65
DSCR
$2,786
Rent
-$962
Cashflow
Cash Flow
$2,786 income − $3,748 expenses = $962 out of pocket
Investment Breakdown
|
Purchase Price
$432k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,460
Closing costs
1%
$4,323
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,786
Total Expenses
$3,748
Mortgage P&I
88%
$2,464
Property Taxes
5%
$135
Home Insurance
6%
$164
HOA
1%
$39
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$84
Maintenance
4%
$111
Other
11%
$306