This property looks like a bad Mid-Term investment with a projected -1.8% first-year return on $108k initial cash invested.
-1.8%
Cash On Cash
6.09%
Cap Rate
0.99
DSCR
$3,630
Rent
-$162
Cashflow
Cash Flow
$3,630 income − $3,792 expenses = $162 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
$3,630
Total Expenses
$3,792
Mortgage P&I
60%
$2,195
Property Taxes
6%
$209
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$436
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$399