This property looks like a bad Mid-Term investment with a projected -2.37% first-year return on $108k initial cash invested.
-2.37%
Cash On Cash
6.42%
Cap Rate
0.98
DSCR
$3,932
Rent
-$214
Cashflow
Cash Flow
$3,932 income − $4,146 expenses = $214 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,932
Total Expenses
$4,146
Mortgage P&I
60%
$2,357
Property Taxes
8%
$302
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$472
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$433