This property looks like a bad Mid-Term investment with a projected -7.34% first-year return on $109k initial cash invested.
-7.34%
Cash On Cash
5.13%
Cap Rate
0.78
DSCR
$3,627
Rent
-$669
Cashflow
Cash Flow
$3,627 income − $4,296 expenses = $669 out of pocket
Investment Breakdown
|
Purchase Price
$435k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,627
Total Expenses
$4,296
Mortgage P&I
66%
$2,382
Property Taxes
15%
$529
Home Insurance
4%
$152
HOA
0%
$0
Property Management
12%
$435
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$399