This property looks like a bad Mid-Term investment with a projected -4% first-year return on $108k initial cash invested.
-4%
Cash On Cash
6.02%
Cap Rate
0.92
DSCR
$4,246
Rent
-$361
Cashflow
Cash Flow
$4,246 income − $4,607 expenses = $361 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,246
Total Expenses
$4,607
Mortgage P&I
55%
$2,347
Property Taxes
16%
$666
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$510
CapEx
4%
$170
Vacancy
3%
$127
Maintenance
4%
$170
Other
11%
$467