This property looks like a bad Mid-Term investment with a projected -4.19% first-year return on $108k initial cash invested.
-4.19%
Cash On Cash
5.47%
Cap Rate
0.89
DSCR
$3,284
Rent
-$377
Cashflow
Cash Flow
$3,284 income − $3,661 expenses = $377 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,284
Total Expenses
$3,661
Mortgage P&I
67%
$2,203
Property Taxes
6%
$192
Home Insurance
5%
$150
HOA
0%
$0
Property Management
12%
$394
CapEx
4%
$131
Vacancy
3%
$99
Maintenance
4%
$131
Other
11%
$361