This property looks like a bad Mid-Term investment with a projected -5.95% first-year return on $108k initial cash invested.
-5.95%
Cash On Cash
5.49%
Cap Rate
0.83
DSCR
$3,274
Rent
-$537
Cashflow
Cash Flow
$3,274 income − $3,811 expenses = $537 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,274
Total Expenses
$3,811
Mortgage P&I
72%
$2,372
Property Taxes
5%
$176
Home Insurance
5%
$150
HOA
0%
$0
Property Management
12%
$393
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$360