This property looks like a bad Mid-Term investment with a projected -4.54% first-year return on $108k initial cash invested.
-4.54%
Cash On Cash
5.83%
Cap Rate
0.89
DSCR
$4,107
Rent
-$409
Cashflow
Cash Flow
$4,107 income − $4,516 expenses = $409 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,107
Total Expenses
$4,516
Mortgage P&I
57%
$2,331
Property Taxes
16%
$639
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$493
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$452