This property looks like a bad Mid-Term investment with a projected -5.56% first-year return on $108k initial cash invested.
-5.56%
Cash On Cash
5.3%
Cap Rate
0.84
DSCR
$3,298
Rent
-$502
Cashflow
Cash Flow
$3,298 income − $3,800 expenses = $502 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,298
Total Expenses
$3,800
Mortgage P&I
69%
$2,270
Property Taxes
8%
$258
Home Insurance
5%
$150
HOA
0%
$0
Property Management
12%
$396
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$363