This property looks like a bad Mid-Term investment with a projected -4.04% first-year return on $109k initial cash invested.
-4.04%
Cash On Cash
5.91%
Cap Rate
0.91
DSCR
$3,634
Rent
-$368
Cashflow
Cash Flow
$3,634 income − $4,002 expenses = $368 out of pocket
Investment Breakdown
|
Purchase Price
$435k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,960
Closing costs
1%
$4,348
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,634
Total Expenses
$4,002
Mortgage P&I
65%
$2,366
Property Taxes
7%
$245
Home Insurance
4%
$156
HOA
0%
$0
Property Management
12%
$436
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$400