This property looks like a bad Mid-Term investment with a projected -2.63% first-year return on $109k initial cash invested.
-2.63%
Cash On Cash
6.39%
Cap Rate
0.97
DSCR
$3,974
Rent
-$239
Cashflow
Cash Flow
$3,974 income − $4,213 expenses = $239 out of pocket
Investment Breakdown
|
Purchase Price
$433k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,600
Closing costs
1%
$4,330
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,974
Total Expenses
$4,213
Mortgage P&I
60%
$2,386
Property Taxes
8%
$329
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$477
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$437