This property looks like a bad Mid-Term investment with a projected -4.03% first-year return on $109k initial cash invested.
-4.03%
Cash On Cash
6.09%
Cap Rate
0.91
DSCR
$4,038
Rent
-$367
Cashflow
Cash Flow
$4,038 income − $4,405 expenses = $367 out of pocket
Investment Breakdown
|
Purchase Price
$434k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,880
Closing costs
1%
$4,344
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,038
Total Expenses
$4,405
Mortgage P&I
60%
$2,410
Property Taxes
12%
$467
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$485
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$444