This property looks like a bad Mid-Term investment with a projected -3.85% first-year return on $108k initial cash invested.
-3.85%
Cash On Cash
6.21%
Cap Rate
0.92
DSCR
$4,162
Rent
-$347
Cashflow
Cash Flow
$4,162 income − $4,509 expenses = $347 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.5%
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
$4,162
Total Expenses
$4,509
Mortgage P&I
58%
$2,405
Property Taxes
13%
$530
Home Insurance
4%
$150
HOA
0%
$10
Property Management
12%
$499
CapEx
4%
$166
Vacancy
3%
$125
Maintenance
4%
$166
Other
11%
$458