This property looks like a bad Mid-Term investment with a projected -1.25% first-year return on $109k initial cash invested.
-1.25%
Cash On Cash
6.72%
Cap Rate
1.02
DSCR
$3,958
Rent
-$114
Cashflow
Cash Flow
$3,958 income − $4,072 expenses = $114 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
$3,958
Total Expenses
$4,072
Mortgage P&I
60%
$2,393
Property Taxes
5%
$182
Home Insurance
4%
$152
HOA
0%
$0
Property Management
12%
$475
CapEx
4%
$158
Vacancy
3%
$119
Maintenance
4%
$158
Other
11%
$435