This property looks like a bad Mid-Term investment with a projected -10.03% first-year return on $109k initial cash invested.
-10.03%
Cash On Cash
4.39%
Cap Rate
0.66
DSCR
$2,835
Rent
-$909
Cashflow
Cash Flow
$2,835 income − $3,744 expenses = $909 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%
$86,440
Closing costs
1%
$4,322
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,835
Total Expenses
$3,744
Mortgage P&I
84%
$2,376
Property Taxes
9%
$251
Home Insurance
5%
$154
HOA
0%
$0
Property Management
12%
$340
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$312