This property looks like a bad Mid-Term investment with a projected -3.67% first-year return on $109k initial cash invested.
-3.67%
Cash On Cash
6.1%
Cap Rate
0.92
DSCR
$3,832
Rent
-$332
Cashflow
Cash Flow
$3,832 income − $4,164 expenses = $332 out of pocket
Investment Breakdown
|
Purchase Price
$432k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,380
Closing costs
1%
$4,319
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,832
Total Expenses
$4,164
Mortgage P&I
62%
$2,375
Property Taxes
9%
$334
Home Insurance
4%
$152
HOA
0%
$0
Property Management
12%
$460
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$422