This property looks like a bad Mid-Term investment with a projected -6.57% first-year return on $108k initial cash invested.
-6.57%
Cash On Cash
5.29%
Cap Rate
0.8
DSCR
$3,297
Rent
-$593
Cashflow
Cash Flow
$3,297 income − $3,890 expenses = $593 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%
$86,080
Closing costs
1%
$4,304
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,297
Total Expenses
$3,890
Mortgage P&I
71%
$2,357
Property Taxes
8%
$259
Home Insurance
5%
$152
HOA
0%
$0
Property Management
12%
$396
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$363