This property looks like a bad Mid-Term investment with a projected -14.17% first-year return on $109k initial cash invested.
-14.17%
Cash On Cash
3.24%
Cap Rate
0.49
DSCR
$2,205
Rent
-$1,292
Cashflow
Cash Flow
$2,205 income − $3,497 expenses = $1,292 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%
$87,080
Closing costs
1%
$4,354
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,205
Total Expenses
$3,497
Mortgage P&I
108%
$2,380
Property Taxes
10%
$210
Home Insurance
7%
$157
HOA
0%
$0
Property Management
12%
$265
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$243