This property looks like a bad Mid-Term investment with a projected -4.42% first-year return on $108k initial cash invested.
-4.42%
Cash On Cash
5.48%
Cap Rate
0.88
DSCR
$3,234
Rent
-$396
Cashflow
Cash Flow
$3,234 income − $3,630 expenses = $396 out of pocket
Investment Breakdown
|
Purchase Price
$427k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,340
Closing costs
1%
$4,267
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,234
Total Expenses
$3,630
Mortgage P&I
68%
$2,214
Property Taxes
5%
$164
Home Insurance
5%
$153
HOA
0%
$0
Property Management
12%
$388
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$356