This property looks like a bad Mid-Term investment with a projected -6.37% first-year return on $109k initial cash invested.
-6.37%
Cash On Cash
5.06%
Cap Rate
0.8
DSCR
$3,304
Rent
-$580
Cashflow
Cash Flow
$3,304 income − $3,884 expenses = $580 out of pocket
Investment Breakdown
|
Purchase Price
$435k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,900
Closing costs
1%
$4,345
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,304
Total Expenses
$3,884
Mortgage P&I
69%
$2,280
Property Taxes
10%
$330
Home Insurance
5%
$152
HOA
0%
$0
Property Management
12%
$396
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$363