This property looks like a bad Mid-Term investment with a projected -4.52% first-year return on $109k initial cash invested.
-4.52%
Cash On Cash
5.93%
Cap Rate
0.89
DSCR
$3,688
Rent
-$409
Cashflow
Cash Flow
$3,688 income − $4,097 expenses = $409 out of pocket
Investment Breakdown
|
Purchase Price
$432k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,688
Total Expenses
$4,097
Mortgage P&I
65%
$2,395
Property Taxes
8%
$292
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$443
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$406