This property looks like a bad Mid-Term investment with a projected -2.56% first-year return on $109k initial cash invested.
-2.56%
Cash On Cash
6.28%
Cap Rate
0.97
DSCR
$4,360
Rent
-$233
Cashflow
Cash Flow
$4,360 income − $4,593 expenses = $233 out of pocket
Investment Breakdown
|
Purchase Price
$434k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,780
Closing costs
1%
$4,339
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,360
Total Expenses
$4,593
Mortgage P&I
53%
$2,329
Property Taxes
9%
$389
Home Insurance
4%
$154
HOA
5%
$239
Property Management
12%
$523
CapEx
4%
$174
Vacancy
3%
$131
Maintenance
4%
$174
Other
11%
$480