This property looks like a bad Mid-Term investment with a projected -5.9% first-year return on $109k initial cash invested.
-5.9%
Cash On Cash
5.38%
Cap Rate
0.83
DSCR
$3,530
Rent
-$538
Cashflow
Cash Flow
$3,530 income − $4,068 expenses = $538 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
$3,530
Total Expenses
$4,068
Mortgage P&I
67%
$2,349
Property Taxes
10%
$358
Home Insurance
5%
$161
HOA
0%
$0
Property Management
12%
$424
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388