This property looks like a bad Mid-Term investment with a projected -7.09% first-year return on $108k initial cash invested.
-7.09%
Cash On Cash
4.58%
Cap Rate
0.76
DSCR
$3,033
Rent
-$639
Cashflow
Cash Flow
$3,033 income − $3,672 expenses = $639 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
6.4%
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
$3,033
Total Expenses
$3,672
Mortgage P&I
71%
$2,155
Property Taxes
11%
$336
Home Insurance
5%
$150
HOA
0%
$0
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$334