This property looks like a bad Mid-Term investment with a projected -2.99% first-year return on $109k initial cash invested.
-2.99%
Cash On Cash
6.11%
Cap Rate
0.95
DSCR
$4,096
Rent
-$272
Cashflow
Cash Flow
$4,096 income − $4,368 expenses = $272 out of pocket
Investment Breakdown
|
Purchase Price
$435k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,940
Closing costs
1%
$4,347
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,096
Total Expenses
$4,368
Mortgage P&I
57%
$2,322
Property Taxes
12%
$498
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$492
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$451