This property looks like a bad Mid-Term investment with a projected -5.43% first-year return on $108k initial cash invested.
-5.43%
Cash On Cash
5.61%
Cap Rate
0.85
DSCR
$3,516
Rent
-$491
Cashflow
Cash Flow
$3,516 income − $4,007 expenses = $491 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%
$86,140
Closing costs
1%
$4,307
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,516
Total Expenses
$4,007
Mortgage P&I
67%
$2,364
Property Taxes
8%
$275
Home Insurance
5%
$172
HOA
0%
$0
Property Management
12%
$422
CapEx
4%
$141
Vacancy
3%
$105
Maintenance
4%
$141
Other
11%
$387