This property looks like a bad Mid-Term investment with a projected -2.73% first-year return on $108k initial cash invested.
-2.73%
Cash On Cash
6.2%
Cap Rate
0.96
DSCR
$3,672
Rent
-$246
Cashflow
Cash Flow
$3,672 income − $3,918 expenses = $246 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,672
Total Expenses
$3,918
Mortgage P&I
63%
$2,322
Property Taxes
5%
$197
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$441
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$404