This property looks like a bad Mid-Term investment with a projected -2.68% first-year return on $107k initial cash invested.
-2.68%
Cash On Cash
6.43%
Cap Rate
0.97
DSCR
$4,332
Rent
-$239
Cashflow
Cash Flow
$4,332 income − $4,571 expenses = $239 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,700
Closing costs
1%
$4,235
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,332
Total Expenses
$4,571
Mortgage P&I
54%
$2,334
Property Taxes
14%
$612
Home Insurance
4%
$152
HOA
0%
$0
Property Management
12%
$520
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$477