This property looks like a bad Mid-Term investment with a projected -4.27% first-year return on $108k initial cash invested.
-4.27%
Cash On Cash
5.81%
Cap Rate
0.9
DSCR
$3,708
Rent
-$383
Cashflow
Cash Flow
$3,708 income − $4,091 expenses = $383 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,280
Closing costs
1%
$4,264
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,708
Total Expenses
$4,091
Mortgage P&I
62%
$2,299
Property Taxes
10%
$382
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$445
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$408