This property looks like a bad Mid-Term investment with a projected -5.46% first-year return on $108k initial cash invested.
-5.46%
Cash On Cash
5.53%
Cap Rate
0.84
DSCR
$3,172
Rent
-$490
Cashflow
Cash Flow
$3,172 income − $3,662 expenses = $490 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,500
Closing costs
1%
$4,275
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,172
Total Expenses
$3,662
Mortgage P&I
74%
$2,333
Property Taxes
3%
$89
Home Insurance
5%
$161
HOA
0%
$0
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$349