This property looks like a bad Mid-Term investment with a projected -5.57% first-year return on $108k initial cash invested.
-5.57%
Cash On Cash
5.44%
Cap Rate
0.84
DSCR
$3,574
Rent
-$503
Cashflow
Cash Flow
$3,574 income − $4,077 expenses = $503 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%
$86,000
Closing costs
1%
$4,300
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,574
Total Expenses
$4,077
Mortgage P&I
65%
$2,311
Property Taxes
11%
$401
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$429
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$393