This property looks like a bad Mid-Term investment with a projected -9.35% first-year return on $109k initial cash invested.
-9.35%
Cash On Cash
4.63%
Cap Rate
0.69
DSCR
$2,787
Rent
-$852
Cashflow
Cash Flow
$2,787 income − $3,639 expenses = $852 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%
$86,980
Closing costs
1%
$4,349
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,787
Total Expenses
$3,639
Mortgage P&I
87%
$2,419
Property Taxes
4%
$121
Home Insurance
5%
$152
HOA
0%
$0
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$84
Maintenance
4%
$111
Other
11%
$307