This property looks like a bad Mid-Term investment with a projected -8.3% first-year return on $108k initial cash invested.
-8.3%
Cash On Cash
4.98%
Cap Rate
0.75
DSCR
$3,680
Rent
-$748
Cashflow
Cash Flow
$3,680 income − $4,428 expenses = $748 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,680
Total Expenses
$4,428
Mortgage P&I
65%
$2,383
Property Taxes
16%
$602
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$442
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$405