This property looks like a bad Mid-Term investment with a projected -7.36% first-year return on $108k initial cash invested.
-7.36%
Cash On Cash
5.04%
Cap Rate
0.77
DSCR
$3,243
Rent
-$664
Cashflow
Cash Flow
$3,243 income − $3,907 expenses = $664 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%
$85,960
Closing costs
1%
$4,298
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,243
Total Expenses
$3,907
Mortgage P&I
72%
$2,340
Property Taxes
9%
$306
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$389
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357