This property looks like a bad Mid-Term investment with a projected -8.3% first-year return on $109k initial cash invested.
-8.3%
Cash On Cash
4.39%
Cap Rate
0.71
DSCR
$2,746
Rent
-$754
Cashflow
Cash Flow
$2,746 income − $3,500 expenses = $754 out of pocket
Investment Breakdown
|
Purchase Price
$433k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,620
Closing costs
1%
$4,331
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,746
Total Expenses
$3,500
Mortgage P&I
81%
$2,230
Property Taxes
6%
$152
Home Insurance
7%
$184
HOA
0%
$0
Property Management
12%
$330
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302