This property looks like a bad Mid-Term investment with a projected -11.21% first-year return on $109k initial cash invested.
-11.21%
Cash On Cash
4.09%
Cap Rate
0.62
DSCR
$2,532
Rent
-$1,020
Cashflow
Cash Flow
$2,532 income − $3,552 expenses = $1,020 out of pocket
Investment Breakdown
|
Purchase Price
$434k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,860
Closing costs
1%
$4,343
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,532
Total Expenses
$3,552
Mortgage P&I
95%
$2,400
Property Taxes
5%
$133
Home Insurance
6%
$158
HOA
0%
$0
Property Management
12%
$304
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$279