This property looks like a bad Mid-Term investment with a projected -4.67% first-year return on $108k initial cash invested.
-4.67%
Cash On Cash
5.73%
Cap Rate
0.88
DSCR
$3,446
Rent
-$422
Cashflow
Cash Flow
$3,446 income − $3,868 expenses = $422 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$86,040
Closing costs
1%
$4,302
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,446
Total Expenses
$3,868
Mortgage P&I
68%
$2,337
Property Taxes
6%
$212
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$414
CapEx
4%
$138
Vacancy
3%
$103
Maintenance
4%
$138
Other
11%
$379