This property looks like a bad Mid-Term investment with a projected -9.48% first-year return on $108k initial cash invested.
-9.48%
Cash On Cash
4.56%
Cap Rate
0.7
DSCR
$3,456
Rent
-$856
Cashflow
Cash Flow
$3,456 income − $4,312 expenses = $856 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
$3,456
Total Expenses
$4,312
Mortgage P&I
68%
$2,355
Property Taxes
16%
$556
Home Insurance
5%
$184
HOA
1%
$42
Property Management
12%
$415
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$380