This property looks like a bad Mid-Term investment with a projected -9.44% first-year return on $109k initial cash invested.
-9.44%
Cash On Cash
4.43%
Cap Rate
0.68
DSCR
$3,030
Rent
-$859
Cashflow
Cash Flow
$3,030 income − $3,889 expenses = $859 out of pocket
Investment Breakdown
|
Purchase Price
$434k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,800
Closing costs
1%
$4,340
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,030
Total Expenses
$3,889
Mortgage P&I
77%
$2,341
Property Taxes
12%
$371
Home Insurance
5%
$147
HOA
0%
$0
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$333