This property looks like a bad Mid-Term investment with a projected -12% first-year return on $109k initial cash invested.
-12%
Cash On Cash
3.52%
Cap Rate
0.56
DSCR
$2,574
Rent
-$1,093
Cashflow
Cash Flow
$2,574 income − $3,667 expenses = $1,093 out of pocket
Investment Breakdown
|
Purchase Price
$435k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,980
Closing costs
1%
$4,349
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,574
Total Expenses
$3,667
Mortgage P&I
88%
$2,265
Property Taxes
15%
$375
Home Insurance
6%
$152
HOA
0%
$0
Property Management
12%
$309
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$283