This property looks like a bad Mid-Term investment with a projected -7.68% first-year return on $109k initial cash invested.
-7.68%
Cash On Cash
4.98%
Cap Rate
0.76
DSCR
$3,486
Rent
-$700
Cashflow
Cash Flow
$3,486 income − $4,186 expenses = $700 out of pocket
Investment Breakdown
|
Purchase Price
$435k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$87,040
Closing costs
1%
$4,352
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,486
Total Expenses
$4,186
Mortgage P&I
68%
$2,368
Property Taxes
14%
$476
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$418
CapEx
4%
$139
Vacancy
3%
$105
Maintenance
4%
$139
Other
11%
$383