This property looks like a bad Mid-Term investment with a projected -11.65% first-year return on $108k initial cash invested.
-11.65%
Cash On Cash
4.03%
Cap Rate
0.61
DSCR
$3,051
Rent
-$1,051
Cashflow
Cash Flow
$3,051 income − $4,102 expenses = $1,051 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,940
Closing costs
1%
$4,297
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,051
Total Expenses
$4,102
Mortgage P&I
78%
$2,371
Property Taxes
11%
$324
Home Insurance
5%
$164
HOA
7%
$205
Property Management
12%
$366
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336