This property looks like a bad Mid-Term investment with a projected -5.29% first-year return on $108k initial cash invested.
-5.29%
Cash On Cash
5.35%
Cap Rate
0.85
DSCR
$3,320
Rent
-$477
Cashflow
Cash Flow
$3,320 income − $3,797 expenses = $477 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%
$86,000
Closing costs
1%
$4,300
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,320
Total Expenses
$3,797
Mortgage P&I
68%
$2,260
Property Taxes
8%
$258
Home Insurance
5%
$150
HOA
0%
$0
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$365