This property looks like a bad Mid-Term investment with a projected -7.09% first-year return on $108k initial cash invested.
-7.09%
Cash On Cash
5.09%
Cap Rate
0.78
DSCR
$3,381
Rent
-$638
Cashflow
Cash Flow
$3,381 income − $4,019 expenses = $638 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,381
Total Expenses
$4,019
Mortgage P&I
69%
$2,321
Property Taxes
12%
$400
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$406
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$372