This property looks like a bad Mid-Term investment with a projected -3.62% first-year return on $108k initial cash invested.
-3.62%
Cash On Cash
6.16%
Cap Rate
0.92
DSCR
$3,555
Rent
-$327
Cashflow
Cash Flow
$3,555 income − $3,882 expenses = $327 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,555
Total Expenses
$3,882
Mortgage P&I
67%
$2,394
Property Taxes
2%
$85
Home Insurance
4%
$150
HOA
1%
$44
Property Management
12%
$427
CapEx
4%
$142
Vacancy
3%
$107
Maintenance
4%
$142
Other
11%
$391