This property looks like a bad Mid-Term investment with a projected -13.21% first-year return on $109k initial cash invested.
-13.21%
Cash On Cash
3.67%
Cap Rate
0.55
DSCR
$3,033
Rent
-$1,204
Cashflow
Cash Flow
$3,033 income − $4,237 expenses = $1,204 out of pocket
Investment Breakdown
|
Purchase Price
$435k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,990
Closing costs
1%
$4,350
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,033
Total Expenses
$4,237
Mortgage P&I
80%
$2,414
Property Taxes
21%
$640
Home Insurance
5%
$152
HOA
0%
$0
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$334