This property looks like a bad Mid-Term investment with a projected -12.36% first-year return on $109k initial cash invested.
-12.36%
Cash On Cash
3.84%
Cap Rate
0.58
DSCR
$2,704
Rent
-$1,124
Cashflow
Cash Flow
$2,704 income − $3,828 expenses = $1,124 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%
$86,820
Closing costs
1%
$4,341
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,704
Total Expenses
$3,828
Mortgage P&I
89%
$2,406
Property Taxes
12%
$331
Home Insurance
6%
$173
HOA
0%
$0
Property Management
12%
$324
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$297