This property looks like a bad Mid-Term investment with a projected -1.82% first-year return on $108k initial cash invested.
-1.82%
Cash On Cash
6.31%
Cap Rate
0.99
DSCR
$3,618
Rent
-$164
Cashflow
Cash Flow
$3,618 income − $3,782 expenses = $164 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,760
Closing costs
1%
$4,288
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,618
Total Expenses
$3,782
Mortgage P&I
63%
$2,273
Property Taxes
1%
$21
Home Insurance
5%
$192
HOA
2%
$65
Property Management
12%
$434
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$398