This property looks like a bad Mid-Term investment with a projected -1.58% first-year return on $108k initial cash invested.
-1.58%
Cash On Cash
6.69%
Cap Rate
1.01
DSCR
$4,280
Rent
-$142
Cashflow
Cash Flow
$4,280 income − $4,422 expenses = $142 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,280
Total Expenses
$4,422
Mortgage P&I
55%
$2,363
Property Taxes
11%
$454
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$514
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$471