This property looks like a bad Mid-Term investment with a projected -1.69% first-year return on $108k initial cash invested.
-1.69%
Cash On Cash
6.03%
Cap Rate
1
DSCR
$3,570
Rent
-$153
Cashflow
Cash Flow
$3,570 income − $3,723 expenses = $153 out of pocket
Investment Breakdown
|
Purchase Price
$431k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$86,180
Closing costs
1%
$4,309
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,570
Total Expenses
$3,723
Mortgage P&I
61%
$2,177
Property Taxes
5%
$178
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$428
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$393