This property looks like a bad Mid-Term investment with a projected -7.6% first-year return on $109k initial cash invested.
-7.6%
Cash On Cash
4.54%
Cap Rate
0.74
DSCR
$2,979
Rent
-$692
Cashflow
Cash Flow
$2,979 income − $3,671 expenses = $692 out of pocket
Investment Breakdown
|
Purchase Price
$435k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,920
Closing costs
1%
$4,346
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,979
Total Expenses
$3,671
Mortgage P&I
74%
$2,217
Property Taxes
10%
$285
Home Insurance
5%
$157
HOA
0%
$0
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$328