This property looks like a bad Mid-Term investment with a projected -3.18% first-year return on $109k initial cash invested.
-3.18%
Cash On Cash
5.69%
Cap Rate
0.94
DSCR
$3,752
Rent
-$289
Cashflow
Cash Flow
$3,752 income − $4,041 expenses = $289 out of pocket
Investment Breakdown
|
Purchase Price
$434k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,780
Closing costs
1%
$4,339
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,752
Total Expenses
$4,041
Mortgage P&I
59%
$2,198
Property Taxes
11%
$409
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$450
CapEx
4%
$150
Vacancy
3%
$113
Maintenance
4%
$150
Other
11%
$413