This property looks like a bad Mid-Term investment with a projected -7.84% first-year return on $108k initial cash invested.
-7.84%
Cash On Cash
4.37%
Cap Rate
0.72
DSCR
$2,808
Rent
-$708
Cashflow
Cash Flow
$2,808 income − $3,516 expenses = $708 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$86,020
Closing costs
1%
$4,301
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,808
Total Expenses
$3,516
Mortgage P&I
77%
$2,161
Property Taxes
9%
$247
Home Insurance
5%
$154
HOA
0%
$0
Property Management
12%
$337
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$309