This property looks like a bad Mid-Term investment with a projected -13.91% first-year return on $108k initial cash invested.
-13.91%
Cash On Cash
3.45%
Cap Rate
0.52
DSCR
$2,355
Rent
-$1,253
Cashflow
Cash Flow
$2,355 income − $3,608 expenses = $1,253 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%
$85,800
Closing costs
1%
$4,290
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,355
Total Expenses
$3,608
Mortgage P&I
102%
$2,392
Property Taxes
11%
$265
Home Insurance
6%
$150
HOA
0%
$0
Property Management
12%
$283
CapEx
4%
$94
Vacancy
3%
$71
Maintenance
4%
$94
Other
11%
$259