This property looks like a bad Mid-Term investment with a projected -1.24% first-year return on $108k initial cash invested.
-1.24%
Cash On Cash
6.67%
Cap Rate
1.02
DSCR
$4,148
Rent
-$112
Cashflow
Cash Flow
$4,148 income − $4,260 expenses = $112 out of pocket
Investment Breakdown
|
Purchase Price
$431k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$86,160
Closing costs
1%
$4,308
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,148
Total Expenses
$4,260
Mortgage P&I
56%
$2,341
Property Taxes
7%
$306
Home Insurance
5%
$203
HOA
0%
$0
Property Management
12%
$498
CapEx
4%
$166
Vacancy
3%
$124
Maintenance
4%
$166
Other
11%
$456