This property looks like a bad Mid-Term investment with a projected -9.44% first-year return on $109k initial cash invested.
-9.44%
Cash On Cash
4.63%
Cap Rate
0.69
DSCR
$2,961
Rent
-$855
Cashflow
Cash Flow
$2,961 income − $3,816 expenses = $855 out of pocket
Investment Breakdown
|
Purchase Price
$432k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,400
Closing costs
1%
$4,320
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,961
Total Expenses
$3,816
Mortgage P&I
81%
$2,403
Property Taxes
4%
$133
Home Insurance
5%
$158
HOA
4%
$116
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$326