This property looks like a bad Mid-Term investment with a projected -10.97% first-year return on $108k initial cash invested.
-10.97%
Cash On Cash
4.35%
Cap Rate
0.65
DSCR
$3,618
Rent
-$990
Cashflow
Cash Flow
$3,618 income − $4,608 expenses = $990 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%
$86,000
Closing costs
1%
$4,300
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,618
Total Expenses
$4,608
Mortgage P&I
66%
$2,405
Property Taxes
22%
$793
Home Insurance
4%
$150
HOA
1%
$29
Property Management
12%
$434
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$398