This property looks like a bad Mid-Term investment with a projected -5.4% first-year return on $107k initial cash invested.
-5.4%
Cash On Cash
5.32%
Cap Rate
0.85
DSCR
$3,736
Rent
-$480
Cashflow
Cash Flow
$3,736 income − $4,216 expenses = $480 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,500
Closing costs
1%
$4,225
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,736
Total Expenses
$4,216
Mortgage P&I
59%
$2,203
Property Taxes
14%
$531
Home Insurance
4%
$149
HOA
2%
$64
Property Management
12%
$448
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$411