This property looks like a bad Mid-Term investment with a projected -12.42% first-year return on $108k initial cash invested.
-12.42%
Cash On Cash
3.91%
Cap Rate
0.58
DSCR
$2,973
Rent
-$1,117
Cashflow
Cash Flow
$2,973 income − $4,090 expenses = $1,117 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,660
Closing costs
1%
$4,283
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,973
Total Expenses
$4,090
Mortgage P&I
80%
$2,393
Property Taxes
18%
$532
Home Insurance
5%
$154
HOA
0%
$0
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327