This property looks like a bad Mid-Term investment with a projected -15% first-year return on $108k initial cash invested.
-15%
Cash On Cash
3.07%
Cap Rate
0.47
DSCR
$2,370
Rent
-$1,352
Cashflow
Cash Flow
$2,370 income − $3,722 expenses = $1,352 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%
$85,900
Closing costs
1%
$4,295
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,370
Total Expenses
$3,722
Mortgage P&I
99%
$2,357
Property Taxes
17%
$405
Home Insurance
7%
$154
HOA
0%
$0
Property Management
12%
$284
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$261