This property looks like a bad Mid-Term investment with a projected -10.75% first-year return on $108k initial cash invested.
-10.75%
Cash On Cash
4.31%
Cap Rate
0.65
DSCR
$3,314
Rent
-$968
Cashflow
Cash Flow
$3,314 income − $4,282 expenses = $968 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,314
Total Expenses
$4,282
Mortgage P&I
72%
$2,377
Property Taxes
17%
$565
Home Insurance
5%
$150
HOA
2%
$62
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$99
Maintenance
4%
$133
Other
11%
$365