This property looks like a bad Mid-Term investment with a projected -4.21% first-year return on $108k initial cash invested.
-4.21%
Cash On Cash
5.94%
Cap Rate
0.9
DSCR
$3,872
Rent
-$379
Cashflow
Cash Flow
$3,872 income − $4,251 expenses = $379 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%
$85,740
Closing costs
1%
$4,287
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,872
Total Expenses
$4,251
Mortgage P&I
61%
$2,347
Property Taxes
11%
$437
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$465
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$426