This property looks like a bad Mid-Term investment with a projected -6.61% first-year return on $109k initial cash invested.
-6.61%
Cash On Cash
5.26%
Cap Rate
0.8
DSCR
$3,244
Rent
-$601
Cashflow
Cash Flow
$3,244 income − $3,845 expenses = $601 out of pocket
Investment Breakdown
|
Purchase Price
$434k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,800
Closing costs
1%
$4,340
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,244
Total Expenses
$3,845
Mortgage P&I
73%
$2,373
Property Taxes
7%
$215
Home Insurance
5%
$154
HOA
0%
$0
Property Management
12%
$389
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357