This property looks like a bad Mid-Term investment with a projected -7.49% first-year return on $108k initial cash invested.
-7.49%
Cash On Cash
4.99%
Cap Rate
0.76
DSCR
$3,141
Rent
-$676
Cashflow
Cash Flow
$3,141 income − $3,817 expenses = $676 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,940
Closing costs
1%
$4,297
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,141
Total Expenses
$3,817
Mortgage P&I
74%
$2,336
Property Taxes
8%
$256
Home Insurance
5%
$156
HOA
0%
$0
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346