This property looks like a bad Mid-Term investment with a projected -4.37% first-year return on $108k initial cash invested.
-4.37%
Cash On Cash
5.36%
Cap Rate
0.88
DSCR
$3,240
Rent
-$394
Cashflow
Cash Flow
$3,240 income − $3,634 expenses = $394 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,780
Closing costs
1%
$4,289
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,240
Total Expenses
$3,634
Mortgage P&I
67%
$2,181
Property Taxes
6%
$197
Home Insurance
5%
$154
HOA
0%
$0
Property Management
12%
$389
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$356