This property looks like a bad Mid-Term investment with a projected -3.86% first-year return on $108k initial cash invested.
-3.86%
Cash On Cash
5.55%
Cap Rate
0.9
DSCR
$3,426
Rent
-$348
Cashflow
Cash Flow
$3,426 income − $3,774 expenses = $348 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$86,020
Closing costs
1%
$4,301
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,426
Total Expenses
$3,774
Mortgage P&I
64%
$2,201
Property Taxes
7%
$254
Home Insurance
5%
$154
HOA
0%
$0
Property Management
12%
$411
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$377