This property looks like a bad Mid-Term investment with a projected -7.65% first-year return on $108k initial cash invested.
-7.65%
Cash On Cash
4.61%
Cap Rate
0.74
DSCR
$2,883
Rent
-$688
Cashflow
Cash Flow
$2,883 income − $3,571 expenses = $688 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,680
Closing costs
1%
$4,284
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,883
Total Expenses
$3,571
Mortgage P&I
77%
$2,217
Property Taxes
8%
$220
Home Insurance
5%
$155
HOA
0%
$0
Property Management
12%
$346
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$317