This property looks like a bad Mid-Term investment with a projected -9.88% first-year return on $109k initial cash invested.
-9.88%
Cash On Cash
4.16%
Cap Rate
0.66
DSCR
$2,822
Rent
-$896
Cashflow
Cash Flow
$2,822 income − $3,718 expenses = $896 out of pocket
Investment Breakdown
|
Purchase Price
$433k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,520
Closing costs
1%
$4,326
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,822
Total Expenses
$3,718
Mortgage P&I
81%
$2,283
Property Taxes
11%
$318
Home Insurance
6%
$157
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$310