This property looks like a bad Mid-Term investment with a projected -2.22% first-year return on $108k initial cash invested.
-2.22%
Cash On Cash
6.32%
Cap Rate
0.99
DSCR
$4,227
Rent
-$200
Cashflow
Cash Flow
$4,227 income − $4,427 expenses = $200 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,227
Total Expenses
$4,427
Mortgage P&I
54%
$2,287
Property Taxes
13%
$568
Home Insurance
3%
$135
HOA
0%
$0
Property Management
12%
$507
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$465