This property looks like a bad Mid-Term investment with a projected -4.38% first-year return on $108k initial cash invested.
-4.38%
Cash On Cash
5.91%
Cap Rate
0.9
DSCR
$4,004
Rent
-$395
Cashflow
Cash Flow
$4,004 income − $4,399 expenses = $395 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%
$86,000
Closing costs
1%
$4,300
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,004
Total Expenses
$4,399
Mortgage P&I
59%
$2,354
Property Taxes
11%
$422
Home Insurance
4%
$150
HOA
3%
$113
Property Management
12%
$480
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$440