This property looks like a bad Mid-Term investment with a projected -1.97% first-year return on $108k initial cash invested.
-1.97%
Cash On Cash
6.55%
Cap Rate
1.01
DSCR
$4,874
Rent
-$178
Cashflow
Cash Flow
$4,874 income − $5,052 expenses = $178 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%
$85,980
Closing costs
1%
$4,299
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,874
Total Expenses
$5,052
Mortgage P&I
48%
$2,331
Property Taxes
19%
$914
Home Insurance
3%
$150
HOA
0%
$0
Property Management
12%
$585
CapEx
4%
$195
Vacancy
3%
$146
Maintenance
4%
$195
Other
11%
$536