This property looks like a bad Mid-Term investment with a projected -7.03% first-year return on $109k initial cash invested.
-7.03%
Cash On Cash
4.68%
Cap Rate
0.77
DSCR
$3,232
Rent
-$641
Cashflow
Cash Flow
$3,232 income − $3,873 expenses = $641 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%
$87,000
Closing costs
1%
$4,350
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,232
Total Expenses
$3,873
Mortgage P&I
68%
$2,207
Property Taxes
13%
$415
Home Insurance
5%
$152
HOA
0%
$0
Property Management
12%
$388
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$356