This property looks like a bad Mid-Term investment with a projected -3.73% first-year return on $109k initial cash invested.
-3.73%
Cash On Cash
6.09%
Cap Rate
0.92
DSCR
$3,998
Rent
-$339
Cashflow
Cash Flow
$3,998 income − $4,337 expenses = $339 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%
$86,860
Closing costs
1%
$4,343
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,998
Total Expenses
$4,337
Mortgage P&I
60%
$2,383
Property Taxes
11%
$436
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$480
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$440