This property looks like a bad Mid-Term investment with a projected -3.16% first-year return on $109k initial cash invested.
-3.16%
Cash On Cash
6.12%
Cap Rate
0.95
DSCR
$4,239
Rent
-$288
Cashflow
Cash Flow
$4,239 income − $4,527 expenses = $288 out of pocket
Investment Breakdown
|
Purchase Price
$435k
Downpayment
20.0%
Interest Rate
7.1%
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
$4,239
Total Expenses
$4,527
Mortgage P&I
55%
$2,336
Property Taxes
14%
$597
Home Insurance
4%
$152
HOA
0%
$0
Property Management
12%
$509
CapEx
4%
$170
Vacancy
3%
$127
Maintenance
4%
$170
Other
11%
$466