This property looks like a bad Mid-Term investment with a projected -9.35% first-year return on $108k initial cash invested.
-9.35%
Cash On Cash
4.4%
Cap Rate
0.68
DSCR
$2,568
Rent
-$844
Cashflow
Cash Flow
$2,568 income − $3,412 expenses = $844 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,980
Closing costs
1%
$4,299
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,568
Total Expenses
$3,412
Mortgage P&I
90%
$2,317
Property Taxes
3%
$72
Home Insurance
6%
$150
HOA
0%
$0
Property Management
12%
$308
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$282