This property looks like a bad Mid-Term investment with a projected -1.01% first-year return on $108k initial cash invested.
-1.01%
Cash On Cash
6.61%
Cap Rate
1.04
DSCR
$4,578
Rent
-$91
Cashflow
Cash Flow
$4,578 income − $4,669 expenses = $91 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%
$85,840
Closing costs
1%
$4,292
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,578
Total Expenses
$4,669
Mortgage P&I
50%
$2,273
Property Taxes
15%
$674
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$549
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$504