This property looks like a bad Mid-Term investment with a projected -5.82% first-year return on $108k initial cash invested.
-5.82%
Cash On Cash
5.37%
Cap Rate
0.83
DSCR
$3,470
Rent
-$525
Cashflow
Cash Flow
$3,470 income − $3,995 expenses = $525 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,470
Total Expenses
$3,995
Mortgage P&I
67%
$2,310
Property Taxes
8%
$267
Home Insurance
4%
$150
HOA
3%
$88
Property Management
12%
$416
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$382