This property looks like a bad Mid-Term investment with a projected -12.07% first-year return on $108k initial cash invested.
-12.07%
Cash On Cash
3.88%
Cap Rate
0.59
DSCR
$3,114
Rent
-$1,083
Cashflow
Cash Flow
$3,114 income − $4,197 expenses = $1,083 out of pocket
Investment Breakdown
|
Purchase Price
$427k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,420
Closing costs
1%
$4,271
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,114
Total Expenses
$4,197
Mortgage P&I
75%
$2,339
Property Taxes
15%
$458
Home Insurance
4%
$135
HOA
7%
$205
Property Management
12%
$374
CapEx
4%
$125
Vacancy
3%
$93
Maintenance
4%
$125
Other
11%
$343