This property looks like a bad Mid-Term investment with a projected -10.18% first-year return on $108k initial cash invested.
-10.18%
Cash On Cash
3.91%
Cap Rate
0.63
DSCR
$2,630
Rent
-$916
Cashflow
Cash Flow
$2,630 income − $3,546 expenses = $916 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,660
Closing costs
1%
$4,283
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,630
Total Expenses
$3,546
Mortgage P&I
84%
$2,207
Property Taxes
11%
$287
Home Insurance
6%
$158
HOA
0%
$0
Property Management
12%
$316
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$289