This property looks like a bad Mid-Term investment with a projected -4.03% first-year return on $108k initial cash invested.
-4.03%
Cash On Cash
5.98%
Cap Rate
0.91
DSCR
$3,986
Rent
-$363
Cashflow
Cash Flow
$3,986 income − $4,349 expenses = $363 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%
$85,780
Closing costs
1%
$4,289
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,986
Total Expenses
$4,349
Mortgage P&I
59%
$2,341
Property Taxes
11%
$444
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$478
CapEx
4%
$159
Vacancy
3%
$120
Maintenance
4%
$159
Other
11%
$438