This property looks like a bad Mid-Term investment with a projected -3.54% first-year return on $109k initial cash invested.
-3.54%
Cash On Cash
6.09%
Cap Rate
0.93
DSCR
$3,957
Rent
-$322
Cashflow
Cash Flow
$3,957 income − $4,279 expenses = $322 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%
$86,940
Closing costs
1%
$4,347
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,957
Total Expenses
$4,279
Mortgage P&I
60%
$2,370
Property Taxes
10%
$410
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$475
CapEx
4%
$158
Vacancy
3%
$119
Maintenance
4%
$158
Other
11%
$435