This property looks like a bad Mid-Term investment with a projected -3.21% first-year return on $108k initial cash invested.
-3.21%
Cash On Cash
5.78%
Cap Rate
0.93
DSCR
$3,471
Rent
-$290
Cashflow
Cash Flow
$3,471 income − $3,761 expenses = $290 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$86,060
Closing costs
1%
$4,303
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,471
Total Expenses
$3,761
Mortgage P&I
64%
$2,222
Property Taxes
5%
$185
Home Insurance
4%
$156
HOA
0%
$17
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$382