This property looks like a bad Mid-Term investment with a projected -4.19% first-year return on $109k initial cash invested.
-4.19%
Cash On Cash
6.03%
Cap Rate
0.9
DSCR
$3,698
Rent
-$381
Cashflow
Cash Flow
$3,698 income − $4,079 expenses = $381 out of pocket
Investment Breakdown
|
Purchase Price
$434k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,700
Closing costs
1%
$4,335
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,698
Total Expenses
$4,079
Mortgage P&I
65%
$2,413
Property Taxes
7%
$254
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$444
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$407