This property looks like a bad Mid-Term investment with a projected -14.59% first-year return on $108k initial cash invested.
-14.59%
Cash On Cash
3.34%
Cap Rate
0.51
DSCR
$3,644
Rent
-$1,311
Cashflow
Cash Flow
$3,644 income − $4,955 expenses = $1,311 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,644
Total Expenses
$4,955
Mortgage P&I
65%
$2,356
Property Taxes
17%
$616
Home Insurance
4%
$154
HOA
16%
$590
Property Management
12%
$437
CapEx
4%
$146
Vacancy
3%
$109
Maintenance
4%
$146
Other
11%
$401