This property looks like a bad Mid-Term investment with a projected -4.39% first-year return on $108k initial cash invested.
-4.39%
Cash On Cash
5.73%
Cap Rate
0.89
DSCR
$3,465
Rent
-$395
Cashflow
Cash Flow
$3,465 income − $3,860 expenses = $395 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
$3,465
Total Expenses
$3,860
Mortgage P&I
67%
$2,305
Property Taxes
6%
$224
Home Insurance
4%
$152
HOA
0%
$0
Property Management
12%
$416
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$381