This property looks like a bad Mid-Term investment with a projected -5.53% first-year return on $109k initial cash invested.
-5.53%
Cash On Cash
5.64%
Cap Rate
0.85
DSCR
$3,722
Rent
-$504
Cashflow
Cash Flow
$3,722 income − $4,226 expenses = $504 out of pocket
Investment Breakdown
|
Purchase Price
$435k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$87,000
Closing costs
1%
$4,350
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,722
Total Expenses
$4,226
Mortgage P&I
64%
$2,399
Property Taxes
5%
$174
Home Insurance
4%
$152
HOA
6%
$235
Property Management
12%
$447
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$409