This property looks like a bad Mid-Term investment with a projected -1.66% first-year return on $109k initial cash invested.
-1.66%
Cash On Cash
6.12%
Cap Rate
1
DSCR
$3,844
Rent
-$151
Cashflow
Cash Flow
$3,844 income − $3,995 expenses = $151 out of pocket
Investment Breakdown
|
Purchase Price
$433k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,540
Closing costs
1%
$4,327
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,844
Total Expenses
$3,995
Mortgage P&I
57%
$2,202
Property Taxes
8%
$294
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$461
CapEx
4%
$154
Vacancy
3%
$115
Maintenance
4%
$154
Other
11%
$423