This property looks like a bad Mid-Term investment with a projected -5.78% first-year return on $109k initial cash invested.
-5.78%
Cash On Cash
5.07%
Cap Rate
0.82
DSCR
$2,970
Rent
-$524
Cashflow
Cash Flow
$2,970 income − $3,494 expenses = $524 out of pocket
Investment Breakdown
|
Purchase Price
$432k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,420
Closing costs
1%
$4,321
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,970
Total Expenses
$3,494
Mortgage P&I
75%
$2,232
Property Taxes
3%
$98
Home Insurance
5%
$154
HOA
0%
$0
Property Management
12%
$356
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327