This property looks like a bad Mid-Term investment with a projected -4.48% first-year return on $107k initial cash invested.
-4.48%
Cash On Cash
5.87%
Cap Rate
0.89
DSCR
$3,526
Rent
-$399
Cashflow
Cash Flow
$3,526 income − $3,925 expenses = $399 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,560
Closing costs
1%
$4,228
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,526
Total Expenses
$3,925
Mortgage P&I
66%
$2,327
Property Taxes
7%
$250
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$423
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388