This property looks like a bad Mid-Term investment with a projected -5.35% first-year return on $109k initial cash invested.
-5.35%
Cash On Cash
5.53%
Cap Rate
0.86
DSCR
$3,664
Rent
-$486
Cashflow
Cash Flow
$3,664 income − $4,150 expenses = $486 out of pocket
Investment Breakdown
|
Purchase Price
$434k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,740
Closing costs
1%
$4,337
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,664
Total Expenses
$4,150
Mortgage P&I
64%
$2,338
Property Taxes
11%
$411
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$440
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$403