This property looks like a bad Mid-Term investment with a projected -4.16% first-year return on $108k initial cash invested.
-4.16%
Cash On Cash
5.57%
Cap Rate
0.9
DSCR
$3,928
Rent
-$375
Cashflow
Cash Flow
$3,928 income − $4,303 expenses = $375 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$86,000
Closing costs
1%
$4,300
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,928
Total Expenses
$4,303
Mortgage P&I
56%
$2,213
Property Taxes
15%
$605
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$471
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$432