This property looks like a bad Mid-Term investment with a projected -4.76% first-year return on $108k initial cash invested.
-4.76%
Cash On Cash
5.76%
Cap Rate
0.88
DSCR
$3,621
Rent
-$428
Cashflow
Cash Flow
$3,621 income − $4,049 expenses = $428 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,560
Closing costs
1%
$4,278
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,621
Total Expenses
$4,049
Mortgage P&I
65%
$2,337
Property Taxes
9%
$335
Home Insurance
4%
$145
HOA
0%
$0
Property Management
12%
$435
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$398