This property looks like a bad Mid-Term investment with a projected -3.79% first-year return on $109k initial cash invested.
-3.79%
Cash On Cash
5.75%
Cap Rate
0.91
DSCR
$3,344
Rent
-$345
Cashflow
Cash Flow
$3,344 income − $3,689 expenses = $345 out of pocket
Investment Breakdown
|
Purchase Price
$434k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,840
Closing costs
1%
$4,342
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,344
Total Expenses
$3,689
Mortgage P&I
69%
$2,292
Property Taxes
2%
$68
Home Insurance
5%
$154
HOA
1%
$38
Property Management
12%
$401
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$368