This property looks like a bad Mid-Term investment with a projected -2.17% first-year return on $109k initial cash invested.
-2.17%
Cash On Cash
6.08%
Cap Rate
0.98
DSCR
$3,795
Rent
-$197
Cashflow
Cash Flow
$3,795 income − $3,992 expenses = $197 out of pocket
Investment Breakdown
|
Purchase Price
$433k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,600
Closing costs
1%
$4,330
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,795
Total Expenses
$3,992
Mortgage P&I
59%
$2,238
Property Taxes
8%
$308
Home Insurance
4%
$156
HOA
0%
$0
Property Management
12%
$455
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$417