This property looks like a bad Mid-Term investment with a projected -6.83% first-year return on $108k initial cash invested.
-6.83%
Cash On Cash
5.11%
Cap Rate
0.79
DSCR
$3,436
Rent
-$614
Cashflow
Cash Flow
$3,436 income − $4,050 expenses = $614 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,436
Total Expenses
$4,050
Mortgage P&I
67%
$2,301
Property Taxes
12%
$428
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$412
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$378