This property looks like a bad Mid-Term investment with a projected -8.08% first-year return on $109k initial cash invested.
-8.08%
Cash On Cash
4.81%
Cap Rate
0.74
DSCR
$3,164
Rent
-$736
Cashflow
Cash Flow
$3,164 income − $3,900 expenses = $736 out of pocket
Investment Breakdown
|
Purchase Price
$435k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,164
Total Expenses
$3,900
Mortgage P&I
74%
$2,353
Property Taxes
10%
$318
Home Insurance
5%
$152
HOA
0%
$0
Property Management
12%
$380
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$348