This property looks like a bad Mid-Term investment with a projected -2.45% first-year return on $109k initial cash invested.
-2.45%
Cash On Cash
6.41%
Cap Rate
0.98
DSCR
$4,581
Rent
-$222
Cashflow
Cash Flow
$4,581 income − $4,803 expenses = $222 out of pocket
Investment Breakdown
|
Purchase Price
$431k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,240
Closing costs
1%
$4,312
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,581
Total Expenses
$4,803
Mortgage P&I
51%
$2,342
Property Taxes
17%
$757
Home Insurance
3%
$147
HOA
0%
$0
Property Management
12%
$550
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$504