This property looks like a bad Mid-Term investment with a projected -4.61% first-year return on $108k initial cash invested.
-4.61%
Cash On Cash
5.65%
Cap Rate
0.88
DSCR
$3,672
Rent
-$415
Cashflow
Cash Flow
$3,672 income − $4,087 expenses = $415 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,820
Closing costs
1%
$4,291
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,672
Total Expenses
$4,087
Mortgage P&I
62%
$2,287
Property Taxes
11%
$401
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$441
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$404