This property looks like a bad Mid-Term investment with a projected -9.76% first-year return on $108k initial cash invested.
-9.76%
Cash On Cash
3.96%
Cap Rate
0.64
DSCR
$2,384
Rent
-$879
Cashflow
Cash Flow
$2,384 income − $3,263 expenses = $879 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,384
Total Expenses
$3,263
Mortgage P&I
92%
$2,200
Property Taxes
4%
$103
Home Insurance
6%
$150
HOA
0%
$0
Property Management
12%
$286
CapEx
4%
$95
Vacancy
3%
$72
Maintenance
4%
$95
Other
11%
$262