This property looks like a bad Mid-Term investment with a projected -11.15% first-year return on $109k initial cash invested.
-11.15%
Cash On Cash
4.02%
Cap Rate
0.62
DSCR
$2,835
Rent
-$1,014
Cashflow
Cash Flow
$2,835 income − $3,849 expenses = $1,014 out of pocket
Investment Breakdown
|
Purchase Price
$434k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,760
Closing costs
1%
$4,338
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,835
Total Expenses
$3,849
Mortgage P&I
83%
$2,355
Property Taxes
12%
$345
Home Insurance
7%
$186
HOA
0%
$0
Property Management
12%
$340
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$312