This property looks like a bad Mid-Term investment with a projected -2.42% first-year return on $108k initial cash invested.
-2.42%
Cash On Cash
6.32%
Cap Rate
0.97
DSCR
$3,828
Rent
-$218
Cashflow
Cash Flow
$3,828 income − $4,046 expenses = $218 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,990
Closing costs
1%
$4,300
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,828
Total Expenses
$4,046
Mortgage P&I
61%
$2,331
Property Taxes
7%
$264
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$459
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$421