This property looks like a bad Mid-Term investment with a projected -10.06% first-year return on $108k initial cash invested.
-10.06%
Cash On Cash
4.01%
Cap Rate
0.64
DSCR
$2,784
Rent
-$908
Cashflow
Cash Flow
$2,784 income − $3,692 expenses = $908 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,784
Total Expenses
$3,692
Mortgage P&I
80%
$2,234
Property Taxes
13%
$362
Home Insurance
5%
$150
HOA
0%
$0
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$84
Maintenance
4%
$111
Other
11%
$306