This property looks like a bad Mid-Term investment with a projected -6.23% first-year return on $109k initial cash invested.
-6.23%
Cash On Cash
4.88%
Cap Rate
0.8
DSCR
$3,336
Rent
-$568
Cashflow
Cash Flow
$3,336 income − $3,904 expenses = $568 out of pocket
Investment Breakdown
|
Purchase Price
$435k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$87,080
Closing costs
1%
$4,354
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,336
Total Expenses
$3,904
Mortgage P&I
66%
$2,207
Property Taxes
11%
$373
Home Insurance
5%
$158
HOA
1%
$33
Property Management
12%
$400
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$367