This property looks like a bad Mid-Term investment with a projected -10.94% first-year return on $108k initial cash invested.
-10.94%
Cash On Cash
4.06%
Cap Rate
0.62
DSCR
$2,514
Rent
-$985
Cashflow
Cash Flow
$2,514 income − $3,499 expenses = $985 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,514
Total Expenses
$3,499
Mortgage P&I
93%
$2,335
Property Taxes
6%
$158
Home Insurance
6%
$150
HOA
0%
$0
Property Management
12%
$302
CapEx
4%
$101
Vacancy
3%
$75
Maintenance
4%
$101
Other
11%
$277