This property looks like a bad Mid-Term investment with a projected -2.8% first-year return on $109k initial cash invested.
-2.8%
Cash On Cash
6.24%
Cap Rate
0.96
DSCR
$4,317
Rent
-$255
Cashflow
Cash Flow
$4,317 income − $4,572 expenses = $255 out of pocket
Investment Breakdown
|
Purchase Price
$435k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,920
Closing costs
1%
$4,346
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,317
Total Expenses
$4,572
Mortgage P&I
54%
$2,342
Property Taxes
14%
$594
Home Insurance
3%
$150
HOA
0%
$17
Property Management
12%
$518
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$475