This property looks like a bad Mid-Term investment with a projected -1.33% first-year return on $108k initial cash invested.
-1.33%
Cash On Cash
6.59%
Cap Rate
1.02
DSCR
$4,022
Rent
-$120
Cashflow
Cash Flow
$4,022 income − $4,142 expenses = $120 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%
$85,980
Closing costs
1%
$4,299
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,022
Total Expenses
$4,142
Mortgage P&I
58%
$2,319
Property Taxes
8%
$339
Home Insurance
3%
$116
HOA
0%
$0
Property Management
12%
$483
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$442