This property looks like a bad Mid-Term investment with a projected -5.44% first-year return on $108k initial cash invested.
-5.44%
Cash On Cash
5.64%
Cap Rate
0.85
DSCR
$3,286
Rent
-$489
Cashflow
Cash Flow
$3,286 income − $3,775 expenses = $489 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,500
Closing costs
1%
$4,275
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,286
Total Expenses
$3,775
Mortgage P&I
72%
$2,367
Property Taxes
4%
$138
Home Insurance
5%
$154
HOA
0%
$0
Property Management
12%
$394
CapEx
4%
$131
Vacancy
3%
$99
Maintenance
4%
$131
Other
11%
$361