This property looks like a bad Mid-Term investment with a projected -5.68% first-year return on $108k initial cash invested.
-5.68%
Cash On Cash
5.65%
Cap Rate
0.85
DSCR
$3,748
Rent
-$510
Cashflow
Cash Flow
$3,748 income − $4,258 expenses = $510 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,520
Closing costs
1%
$4,276
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,748
Total Expenses
$4,258
Mortgage P&I
63%
$2,372
Property Taxes
12%
$444
Home Insurance
4%
$168
HOA
0%
$0
Property Management
12%
$450
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$412