This property looks like a bad Mid-Term investment with a projected -0.92% first-year return on $108k initial cash invested.
-0.92%
Cash On Cash
6.81%
Cap Rate
1.03
DSCR
$3,759
Rent
-$83
Cashflow
Cash Flow
$3,759 income − $3,842 expenses = $83 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,660
Closing costs
1%
$4,283
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,759
Total Expenses
$3,842
Mortgage P&I
63%
$2,364
Property Taxes
3%
$96
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$451
CapEx
4%
$150
Vacancy
3%
$113
Maintenance
4%
$150
Other
11%
$413