This property looks like a bad Mid-Term investment with a projected -7.49% first-year return on $109k initial cash invested.
-7.49%
Cash On Cash
5.14%
Cap Rate
0.77
DSCR
$3,218
Rent
-$683
Cashflow
Cash Flow
$3,218 income − $3,901 expenses = $683 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%
$87,040
Closing costs
1%
$4,352
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,218
Total Expenses
$3,901
Mortgage P&I
75%
$2,417
Property Taxes
6%
$190
Home Insurance
5%
$154
HOA
1%
$45
Property Management
12%
$386
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$354