This property looks like a bad Mid-Term investment with a projected -3.09% first-year return on $109k initial cash invested.
-3.09%
Cash On Cash
6.14%
Cap Rate
0.96
DSCR
$4,692
Rent
-$282
Cashflow
Cash Flow
$4,692 income − $4,974 expenses = $282 out of pocket
Investment Breakdown
|
Purchase Price
$435k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,998
Closing costs
1%
$4,350
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,692
Total Expenses
$4,974
Mortgage P&I
49%
$2,321
Property Taxes
18%
$830
Home Insurance
3%
$152
HOA
2%
$75
Property Management
12%
$563
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$516