This property looks like a bad Mid-Term investment with a projected -2.94% first-year return on $108k initial cash invested.
-2.94%
Cash On Cash
6.02%
Cap Rate
0.95
DSCR
$3,594
Rent
-$265
Cashflow
Cash Flow
$3,594 income − $3,859 expenses = $265 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%
$85,780
Closing costs
1%
$4,289
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,594
Total Expenses
$3,859
Mortgage P&I
63%
$2,273
Property Taxes
4%
$143
Home Insurance
4%
$150
HOA
2%
$71
Property Management
12%
$431
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$395