This property looks like a bad Mid-Term investment with a projected -3.01% first-year return on $108k initial cash invested.
-3.01%
Cash On Cash
6.04%
Cap Rate
0.95
DSCR
$3,800
Rent
-$271
Cashflow
Cash Flow
$3,800 income − $4,071 expenses = $271 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,800
Total Expenses
$4,071
Mortgage P&I
60%
$2,280
Property Taxes
7%
$266
Home Insurance
4%
$150
HOA
2%
$83
Property Management
12%
$456
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$418