This property looks like a bad Mid-Term investment with a projected -4.56% first-year return on $108k initial cash invested.
-4.56%
Cash On Cash
5.38%
Cap Rate
0.88
DSCR
$3,652
Rent
-$412
Cashflow
Cash Flow
$3,652 income − $4,064 expenses = $412 out of pocket
Investment Breakdown
|
Purchase Price
$431k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,652
Total Expenses
$4,064
Mortgage P&I
60%
$2,198
Property Taxes
13%
$470
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$438
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$402