This property looks like a bad Mid-Term investment with a projected -3.62% first-year return on $108k initial cash invested.
-3.62%
Cash On Cash
5.57%
Cap Rate
0.91
DSCR
$3,408
Rent
-$327
Cashflow
Cash Flow
$3,408 income − $3,735 expenses = $327 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,980
Closing costs
1%
$4,299
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,408
Total Expenses
$3,735
Mortgage P&I
64%
$2,186
Property Taxes
7%
$241
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375