This property looks like a bad Mid-Term investment with a projected -2.62% first-year return on $108k initial cash invested.
-2.62%
Cash On Cash
5.94%
Cap Rate
0.96
DSCR
$3,924
Rent
-$236
Cashflow
Cash Flow
$3,924 income − $4,160 expenses = $236 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,900
Closing costs
1%
$4,295
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,924
Total Expenses
$4,160
Mortgage P&I
56%
$2,205
Property Taxes
12%
$462
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$471
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$432