This property looks like a bad Mid-Term investment with a projected -4.93% first-year return on $109k initial cash invested.
-4.93%
Cash On Cash
5.82%
Cap Rate
0.87
DSCR
$3,556
Rent
-$448
Cashflow
Cash Flow
$3,556 income − $4,004 expenses = $448 out of pocket
Investment Breakdown
|
Purchase Price
$434k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,800
Closing costs
1%
$4,340
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,556
Total Expenses
$4,004
Mortgage P&I
68%
$2,410
Property Taxes
7%
$233
Home Insurance
4%
$152
HOA
0%
$0
Property Management
12%
$427
CapEx
4%
$142
Vacancy
3%
$107
Maintenance
4%
$142
Other
11%
$391