This property looks like a bad Mid-Term investment with a projected -6.34% first-year return on $108k initial cash invested.
-6.34%
Cash On Cash
5.27%
Cap Rate
0.81
DSCR
$3,244
Rent
-$573
Cashflow
Cash Flow
$3,244 income − $3,817 expenses = $573 out of pocket
Investment Breakdown
|
Purchase Price
$431k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$86,100
Closing costs
1%
$4,305
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,244
Total Expenses
$3,817
Mortgage P&I
72%
$2,332
Property Taxes
7%
$228
Home Insurance
5%
$154
HOA
0%
$0
Property Management
12%
$389
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357