This property looks like a bad Mid-Term investment with a projected -10.49% first-year return on $108k initial cash invested.
-10.49%
Cash On Cash
4.26%
Cap Rate
0.65
DSCR
$2,793
Rent
-$948
Cashflow
Cash Flow
$2,793 income − $3,741 expenses = $948 out of pocket
Investment Breakdown
|
Purchase Price
$431k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$86,120
Closing costs
1%
$4,306
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,793
Total Expenses
$3,741
Mortgage P&I
85%
$2,366
Property Taxes
10%
$273
Home Insurance
5%
$152
HOA
0%
$0
Property Management
12%
$335
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$307