This property looks like a bad Mid-Term investment with a projected -5.07% first-year return on $108k initial cash invested.
-5.07%
Cash On Cash
5.5%
Cap Rate
0.86
DSCR
$3,260
Rent
-$458
Cashflow
Cash Flow
$3,260 income − $3,718 expenses = $458 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$86,000
Closing costs
1%
$4,300
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,260
Total Expenses
$3,718
Mortgage P&I
71%
$2,300
Property Taxes
5%
$160
Home Insurance
5%
$150
HOA
0%
$0
Property Management
12%
$391
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$359