This property looks like a bad Mid-Term investment with a projected -3.14% first-year return on $108k initial cash invested.
-3.14%
Cash On Cash
5.78%
Cap Rate
0.94
DSCR
$3,776
Rent
-$282
Cashflow
Cash Flow
$3,776 income − $4,058 expenses = $282 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,560
Closing costs
1%
$4,278
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,776
Total Expenses
$4,058
Mortgage P&I
58%
$2,192
Property Taxes
11%
$433
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$453
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$415