This property looks like a bad Mid-Term investment with a projected -6.23% first-year return on $107k initial cash invested.
-6.23%
Cash On Cash
5.27%
Cap Rate
0.83
DSCR
$4,140
Rent
-$555
Cashflow
Cash Flow
$4,140 income − $4,695 expenses = $555 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,660
Closing costs
1%
$4,233
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,140
Total Expenses
$4,695
Mortgage P&I
54%
$2,248
Property Taxes
20%
$846
Home Insurance
4%
$150
HOA
1%
$43
Property Management
12%
$497
CapEx
4%
$166
Vacancy
3%
$124
Maintenance
4%
$166
Other
11%
$455