This property looks like a bad Mid-Term investment with a projected -4.2% first-year return on $108k initial cash invested.
-4.2%
Cash On Cash
6%
Cap Rate
0.91
DSCR
$3,902
Rent
-$380
Cashflow
Cash Flow
$3,902 income − $4,282 expenses = $380 out of pocket
Investment Breakdown
|
Purchase Price
$431k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$86,140
Closing costs
1%
$4,307
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,902
Total Expenses
$4,282
Mortgage P&I
61%
$2,378
Property Taxes
11%
$422
Home Insurance
4%
$156
HOA
0%
$0
Property Management
12%
$468
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$429