This property looks like a bad Mid-Term investment with a projected -2.28% first-year return on $108k initial cash invested.
-2.28%
Cash On Cash
6.37%
Cap Rate
0.98
DSCR
$4,048
Rent
-$206
Cashflow
Cash Flow
$4,048 income − $4,254 expenses = $206 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%
$86,000
Closing costs
1%
$4,300
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,048
Total Expenses
$4,254
Mortgage P&I
57%
$2,326
Property Taxes
10%
$402
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$486
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$445