This property looks like a bad Mid-Term investment with a projected -9.43% first-year return on $109k initial cash invested.
-9.43%
Cash On Cash
4.58%
Cap Rate
0.69
DSCR
$2,984
Rent
-$859
Cashflow
Cash Flow
$2,984 income − $3,843 expenses = $859 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%
$87,000
Closing costs
1%
$4,350
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,984
Total Expenses
$3,843
Mortgage P&I
80%
$2,400
Property Taxes
9%
$273
Home Insurance
5%
$152
HOA
0%
$4
Property Management
12%
$358
CapEx
4%
$119
Vacancy
3%
$90
Maintenance
4%
$119
Other
11%
$328