This property looks like a bad Mid-Term investment with a projected -5.33% first-year return on $109k initial cash invested.
-5.33%
Cash On Cash
5.09%
Cap Rate
0.84
DSCR
$3,093
Rent
-$485
Cashflow
Cash Flow
$3,093 income − $3,578 expenses = $485 out of pocket
Investment Breakdown
|
Purchase Price
$434k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,840
Closing costs
1%
$4,342
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,093
Total Expenses
$3,578
Mortgage P&I
71%
$2,204
Property Taxes
7%
$217
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$371
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$340