This property looks like a bad Mid-Term investment with a projected -2.51% first-year return on $108k initial cash invested.
-2.51%
Cash On Cash
6.39%
Cap Rate
0.97
DSCR
$3,990
Rent
-$226
Cashflow
Cash Flow
$3,990 income − $4,216 expenses = $226 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,720
Closing costs
1%
$4,286
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,990
Total Expenses
$4,216
Mortgage P&I
59%
$2,347
Property Taxes
9%
$357
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$479
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$439