This property looks like a bad Mid-Term investment with a projected -8.07% first-year return on $109k initial cash invested.
-8.07%
Cash On Cash
4.92%
Cap Rate
0.74
DSCR
$2,996
Rent
-$735
Cashflow
Cash Flow
$2,996 income − $3,731 expenses = $735 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%
$86,940
Closing costs
1%
$4,347
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,996
Total Expenses
$3,731
Mortgage P&I
80%
$2,397
Property Taxes
5%
$160
Home Insurance
5%
$154
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330