This property looks like a bad Mid-Term investment with a projected -2.07% first-year return on $108k initial cash invested.
-2.07%
Cash On Cash
6.57%
Cap Rate
0.99
DSCR
$4,155
Rent
-$186
Cashflow
Cash Flow
$4,155 income − $4,341 expenses = $186 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,540
Closing costs
1%
$4,277
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,155
Total Expenses
$4,341
Mortgage P&I
57%
$2,361
Property Taxes
10%
$417
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$499
CapEx
4%
$166
Vacancy
3%
$125
Maintenance
4%
$166
Other
11%
$457