This property looks like a bad Mid-Term investment with a projected -5.4% first-year return on $109k initial cash invested.
-5.4%
Cash On Cash
5.5%
Cap Rate
0.85
DSCR
$3,812
Rent
-$490
Cashflow
Cash Flow
$3,812 income − $4,302 expenses = $490 out of pocket
Investment Breakdown
|
Purchase Price
$433k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,640
Closing costs
1%
$4,332
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,812
Total Expenses
$4,302
Mortgage P&I
61%
$2,323
Property Taxes
14%
$531
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$457
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$419