This property looks like a bad Mid-Term investment with a projected -5.23% first-year return on $108k initial cash invested.
-5.23%
Cash On Cash
5.27%
Cap Rate
0.85
DSCR
$3,213
Rent
-$472
Cashflow
Cash Flow
$3,213 income − $3,685 expenses = $472 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,213
Total Expenses
$3,685
Mortgage P&I
69%
$2,230
Property Taxes
7%
$212
Home Insurance
5%
$150
HOA
0%
$0
Property Management
12%
$386
CapEx
4%
$129
Vacancy
3%
$96
Maintenance
4%
$129
Other
11%
$353