This property looks like a bad Mid-Term investment with a projected -5.07% first-year return on $108k initial cash invested.
-5.07%
Cash On Cash
5.45%
Cap Rate
0.86
DSCR
$3,322
Rent
-$456
Cashflow
Cash Flow
$3,322 income − $3,778 expenses = $456 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%
$85,640
Closing costs
1%
$4,282
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,322
Total Expenses
$3,778
Mortgage P&I
68%
$2,268
Property Taxes
7%
$230
Home Insurance
5%
$150
HOA
0%
$0
Property Management
12%
$399
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$365