This property looks like a bad Mid-Term investment with a projected -2.99% first-year return on $109k initial cash invested.
-2.99%
Cash On Cash
6.3%
Cap Rate
0.95
DSCR
$4,068
Rent
-$271
Cashflow
Cash Flow
$4,068 income − $4,339 expenses = $271 out of pocket
Investment Breakdown
|
Purchase Price
$433k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,540
Closing costs
1%
$4,327
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,068
Total Expenses
$4,339
Mortgage P&I
58%
$2,379
Property Taxes
10%
$414
Home Insurance
4%
$163
HOA
0%
$0
Property Management
12%
$488
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$447