This property looks like a bad Mid-Term investment with a projected -9.59% first-year return on $108k initial cash invested.
-9.59%
Cash On Cash
4.61%
Cap Rate
0.69
DSCR
$2,890
Rent
-$864
Cashflow
Cash Flow
$2,890 income − $3,754 expenses = $864 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,820
Closing costs
1%
$4,291
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,890
Total Expenses
$3,754
Mortgage P&I
83%
$2,398
Property Taxes
8%
$218
Home Insurance
5%
$154
HOA
0%
$0
Property Management
12%
$347
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$318