This property looks like a bad Mid-Term investment with a projected -11.64% first-year return on $108k initial cash invested.
-11.64%
Cash On Cash
3.7%
Cap Rate
0.58
DSCR
$2,616
Rent
-$1,049
Cashflow
Cash Flow
$2,616 income − $3,665 expenses = $1,049 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,860
Closing costs
1%
$4,293
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,616
Total Expenses
$3,665
Mortgage P&I
87%
$2,269
Property Taxes
6%
$165
Home Insurance
6%
$158
HOA
7%
$183
Property Management
12%
$314
CapEx
4%
$105
Vacancy
3%
$78
Maintenance
4%
$105
Other
11%
$288