This property looks like a bad Mid-Term investment with a projected -5.64% first-year return on $108k initial cash invested.
-5.64%
Cash On Cash
5.01%
Cap Rate
0.82
DSCR
$3,076
Rent
-$509
Cashflow
Cash Flow
$3,076 income − $3,585 expenses = $509 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,076
Total Expenses
$3,585
Mortgage P&I
71%
$2,182
Property Taxes
7%
$208
Home Insurance
5%
$150
HOA
0%
$0
Property Management
12%
$369
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$338