This property looks like a bad Mid-Term investment with a projected -5.04% first-year return on $108k initial cash invested.
-5.04%
Cash On Cash
5.72%
Cap Rate
0.86
DSCR
$3,340
Rent
-$455
Cashflow
Cash Flow
$3,340 income − $3,795 expenses = $455 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,340
Total Expenses
$3,795
Mortgage P&I
71%
$2,372
Property Taxes
4%
$137
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$401
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$367