This property looks like a bad Mid-Term investment with a projected -2.49% first-year return on $108k initial cash invested.
-2.49%
Cash On Cash
6.27%
Cap Rate
0.97
DSCR
$3,813
Rent
-$224
Cashflow
Cash Flow
$3,813 income − $4,037 expenses = $224 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,813
Total Expenses
$4,037
Mortgage P&I
61%
$2,314
Property Taxes
6%
$232
Home Insurance
4%
$150
HOA
1%
$44
Property Management
12%
$458
CapEx
4%
$153
Vacancy
3%
$114
Maintenance
4%
$153
Other
11%
$419