This property looks like a bad Mid-Term investment with a projected -5.77% first-year return on $107k initial cash invested.
-5.77%
Cash On Cash
5.56%
Cap Rate
0.84
DSCR
$3,723
Rent
-$513
Cashflow
Cash Flow
$3,723 income − $4,236 expenses = $513 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,460
Closing costs
1%
$4,223
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,723
Total Expenses
$4,236
Mortgage P&I
62%
$2,319
Property Taxes
13%
$501
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$447
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$410