This property looks like a bad Mid-Term investment with a projected -15.97% first-year return on $109k initial cash invested.
-15.97%
Cash On Cash
2.96%
Cap Rate
0.44
DSCR
$2,301
Rent
-$1,455
Cashflow
Cash Flow
$2,301 income − $3,756 expenses = $1,455 out of pocket
Investment Breakdown
|
Purchase Price
$435k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$87,000
Closing costs
1%
$4,350
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,301
Total Expenses
$3,756
Mortgage P&I
106%
$2,436
Property Taxes
16%
$369
Home Insurance
7%
$152
HOA
1%
$17
Property Management
12%
$276
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$253