This property looks like a bad Mid-Term investment with a projected -2.13% first-year return on $109k initial cash invested.
-2.13%
Cash On Cash
6.46%
Cap Rate
0.98
DSCR
$3,738
Rent
-$194
Cashflow
Cash Flow
$3,738 income − $3,932 expenses = $194 out of pocket
Investment Breakdown
|
Purchase Price
$435k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,980
Closing costs
1%
$4,349
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,738
Total Expenses
$3,932
Mortgage P&I
64%
$2,387
Property Taxes
3%
$121
Home Insurance
4%
$152
HOA
0%
$0
Property Management
12%
$449
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$411