This property looks like a bad Mid-Term investment with a projected -5.47% first-year return on $108k initial cash invested.
-5.47%
Cash On Cash
5.63%
Cap Rate
0.85
DSCR
$3,700
Rent
-$492
Cashflow
Cash Flow
$3,700 income − $4,192 expenses = $492 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%
$85,700
Closing costs
1%
$4,285
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,700
Total Expenses
$4,192
Mortgage P&I
64%
$2,353
Property Taxes
12%
$431
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$444
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$407