This property looks like a bad Mid-Term investment with a projected -5.7% first-year return on $108k initial cash invested.
-5.7%
Cash On Cash
5.03%
Cap Rate
0.82
DSCR
$3,108
Rent
-$514
Cashflow
Cash Flow
$3,108 income − $3,622 expenses = $514 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,900
Closing costs
1%
$4,295
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,108
Total Expenses
$3,622
Mortgage P&I
70%
$2,190
Property Taxes
7%
$226
Home Insurance
5%
$150
HOA
0%
$0
Property Management
12%
$373
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$342