This property looks like a bad Mid-Term investment with a projected -8.77% first-year return on $109k initial cash invested.
-8.77%
Cash On Cash
4.26%
Cap Rate
0.69
DSCR
$2,764
Rent
-$799
Cashflow
Cash Flow
$2,764 income − $3,563 expenses = $799 out of pocket
Investment Breakdown
|
Purchase Price
$435k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,764
Total Expenses
$3,563
Mortgage P&I
81%
$2,234
Property Taxes
9%
$236
Home Insurance
6%
$152
HOA
0%
$0
Property Management
12%
$332
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$304