This property looks like a bad Mid-Term investment with a projected -7.18% first-year return on $108k initial cash invested.
-7.18%
Cash On Cash
5.27%
Cap Rate
0.79
DSCR
$3,440
Rent
-$648
Cashflow
Cash Flow
$3,440 income − $4,088 expenses = $648 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%
$86,060
Closing costs
1%
$4,303
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,440
Total Expenses
$4,088
Mortgage P&I
70%
$2,399
Property Taxes
11%
$367
Home Insurance
4%
$152
HOA
0%
$0
Property Management
12%
$413
CapEx
4%
$138
Vacancy
3%
$103
Maintenance
4%
$138
Other
11%
$378