This property looks like a bad Mid-Term investment with a projected -7.43% first-year return on $109k initial cash invested.
-7.43%
Cash On Cash
5.11%
Cap Rate
0.77
DSCR
$3,057
Rent
-$675
Cashflow
Cash Flow
$3,057 income − $3,732 expenses = $675 out of pocket
Investment Breakdown
|
Purchase Price
$433k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,640
Closing costs
1%
$4,332
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,057
Total Expenses
$3,732
Mortgage P&I
78%
$2,398
Property Taxes
4%
$127
Home Insurance
5%
$154
HOA
0%
$14
Property Management
12%
$367
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336