This property looks like a bad Mid-Term investment with a projected -5.57% first-year return on $108k initial cash invested.
-5.57%
Cash On Cash
4.99%
Cap Rate
0.83
DSCR
$3,106
Rent
-$502
Cashflow
Cash Flow
$3,106 income − $3,608 expenses = $502 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,800
Closing costs
1%
$4,290
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,106
Total Expenses
$3,608
Mortgage P&I
70%
$2,163
Property Taxes
8%
$239
Home Insurance
5%
$150
HOA
0%
$0
Property Management
12%
$373
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$342