This property looks like a bad Mid-Term investment with a projected -2.01% first-year return on $108k initial cash invested.
-2.01%
Cash On Cash
6.36%
Cap Rate
0.99
DSCR
$3,813
Rent
-$181
Cashflow
Cash Flow
$3,813 income − $3,994 expenses = $181 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,880
Closing costs
1%
$4,294
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,813
Total Expenses
$3,994
Mortgage P&I
60%
$2,303
Property Taxes
6%
$240
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$458
CapEx
4%
$153
Vacancy
3%
$114
Maintenance
4%
$153
Other
11%
$419