This property looks like a bad Mid-Term investment with a projected -9.41% first-year return on $107k initial cash invested.
-9.41%
Cash On Cash
4.68%
Cap Rate
0.7
DSCR
$3,088
Rent
-$843
Cashflow
Cash Flow
$3,088 income − $3,931 expenses = $843 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$85,200
Closing costs
1%
$4,260
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,088
Total Expenses
$3,931
Mortgage P&I
77%
$2,382
Property Taxes
11%
$348
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$371
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$340