This property looks like a bad Mid-Term investment with a projected -3% first-year return on $108k initial cash invested.
-3%
Cash On Cash
6.06%
Cap Rate
0.94
DSCR
$3,591
Rent
-$270
Cashflow
Cash Flow
$3,591 income − $3,861 expenses = $270 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,620
Closing costs
1%
$4,281
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,591
Total Expenses
$3,861
Mortgage P&I
64%
$2,287
Property Taxes
5%
$196
Home Insurance
4%
$156
HOA
0%
$0
Property Management
12%
$431
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$395