This property looks like a bad Mid-Term investment with a projected -1.64% first-year return on $109k initial cash invested.
-1.64%
Cash On Cash
6.51%
Cap Rate
1
DSCR
$3,681
Rent
-$149
Cashflow
Cash Flow
$3,681 income − $3,830 expenses = $149 out of pocket
Investment Breakdown
|
Purchase Price
$435k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,681
Total Expenses
$3,830
Mortgage P&I
64%
$2,361
Property Taxes
2%
$66
Home Insurance
4%
$152
HOA
0%
$0
Property Management
12%
$442
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$405