This property looks like a bad Mid-Term investment with a projected -20.03% first-year return on $108k initial cash invested.
-20.03%
Cash On Cash
2.03%
Cap Rate
0.3
DSCR
$1,803
Rent
-$1,808
Cashflow
Cash Flow
$1,803 income − $3,611 expenses = $1,808 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$86,000
Closing costs
1%
$4,300
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,803
Total Expenses
$3,611
Mortgage P&I
137%
$2,464
Property Taxes
21%
$385
Home Insurance
8%
$150
HOA
0%
$0
Property Management
12%
$216
CapEx
4%
$72
Vacancy
3%
$54
Maintenance
4%
$72
Other
11%
$198