This property looks like a bad Mid-Term investment with a projected -3.97% first-year return on $109k initial cash invested.
-3.97%
Cash On Cash
6.03%
Cap Rate
0.92
DSCR
$4,564
Rent
-$360
Cashflow
Cash Flow
$4,564 income − $4,924 expenses = $360 out of pocket
Investment Breakdown
|
Purchase Price
$433k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,620
Closing costs
1%
$4,331
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,564
Total Expenses
$4,924
Mortgage P&I
52%
$2,355
Property Taxes
19%
$858
Home Insurance
3%
$158
HOA
0%
$0
Property Management
12%
$548
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$502