This property looks like a bad Mid-Term investment with a projected -2.3% first-year return on $109k initial cash invested.
-2.3%
Cash On Cash
6%
Cap Rate
0.97
DSCR
$3,690
Rent
-$209
Cashflow
Cash Flow
$3,690 income − $3,899 expenses = $209 out of pocket
Investment Breakdown
|
Purchase Price
$433k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,690
Total Expenses
$3,899
Mortgage P&I
60%
$2,224
Property Taxes
7%
$266
Home Insurance
4%
$153
HOA
0%
$0
Property Management
12%
$443
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$406