This property looks like a bad Mid-Term investment with a projected -4.82% first-year return on $108k initial cash invested.
-4.82%
Cash On Cash
5.63%
Cap Rate
0.87
DSCR
$3,580
Rent
-$434
Cashflow
Cash Flow
$3,580 income − $4,014 expenses = $434 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,780
Closing costs
1%
$4,289
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,580
Total Expenses
$4,014
Mortgage P&I
64%
$2,304
Property Taxes
8%
$291
Home Insurance
4%
$152
HOA
1%
$50
Property Management
12%
$430
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$394