This property looks like a bad Mid-Term investment with a projected -2.49% first-year return on $109k initial cash invested.
-2.49%
Cash On Cash
6.51%
Cap Rate
0.98
DSCR
$4,492
Rent
-$227
Cashflow
Cash Flow
$4,492 income − $4,719 expenses = $227 out of pocket
Investment Breakdown
|
Purchase Price
$435k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,980
Closing costs
1%
$4,349
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,492
Total Expenses
$4,719
Mortgage P&I
54%
$2,408
Property Taxes
14%
$631
Home Insurance
3%
$152
HOA
0%
$0
Property Management
12%
$539
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$494