This property looks like a bad Mid-Term investment with a projected -8.47% first-year return on $108k initial cash invested.
-8.47%
Cash On Cash
4.69%
Cap Rate
0.73
DSCR
$3,436
Rent
-$764
Cashflow
Cash Flow
$3,436 income − $4,200 expenses = $764 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
$3,436
Total Expenses
$4,200
Mortgage P&I
67%
$2,309
Property Taxes
17%
$574
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$412
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$378