This property looks like a bad Mid-Term investment with a projected -8.1% first-year return on $109k initial cash invested.
-8.1%
Cash On Cash
4.79%
Cap Rate
0.74
DSCR
$3,068
Rent
-$733
Cashflow
Cash Flow
$3,068 income − $3,801 expenses = $733 out of pocket
Investment Breakdown
|
Purchase Price
$432k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,340
Closing costs
1%
$4,317
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,068
Total Expenses
$3,801
Mortgage P&I
76%
$2,332
Property Taxes
9%
$274
Home Insurance
5%
$152
HOA
0%
$0
Property Management
12%
$368
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$337