This property looks like a bad Mid-Term investment with a projected -1.62% first-year return on $108k initial cash invested.
-1.62%
Cash On Cash
6.63%
Cap Rate
1.01
DSCR
$4,162
Rent
-$146
Cashflow
Cash Flow
$4,162 income − $4,308 expenses = $146 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%
$85,800
Closing costs
1%
$4,290
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,162
Total Expenses
$4,308
Mortgage P&I
57%
$2,352
Property Taxes
9%
$392
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$499
CapEx
4%
$166
Vacancy
3%
$125
Maintenance
4%
$166
Other
11%
$458