This property looks like a bad Mid-Term investment with a projected -1.82% first-year return on $108k initial cash invested.
-1.82%
Cash On Cash
6.42%
Cap Rate
0.99
DSCR
$3,729
Rent
-$164
Cashflow
Cash Flow
$3,729 income − $3,893 expenses = $164 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,729
Total Expenses
$3,893
Mortgage P&I
62%
$2,307
Property Taxes
5%
$184
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$447
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$410