This property looks like a bad Mid-Term investment with a projected -0.38% first-year return on $108k initial cash invested.
-0.38%
Cash On Cash
6.51%
Cap Rate
1.05
DSCR
$3,880
Rent
-$34
Cashflow
Cash Flow
$3,880 income − $3,914 expenses = $34 out of pocket
Investment Breakdown
|
Purchase Price
$431k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$86,140
Closing costs
1%
$4,307
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,880
Total Expenses
$3,914
Mortgage P&I
57%
$2,216
Property Taxes
6%
$227
Home Insurance
4%
$152
HOA
0%
$0
Property Management
12%
$466
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$427