This property looks like a bad Mid-Term investment with a projected -6.69% first-year return on $107k initial cash invested.
-6.69%
Cash On Cash
4.8%
Cap Rate
0.78
DSCR
$3,098
Rent
-$595
Cashflow
Cash Flow
$3,098 income − $3,693 expenses = $595 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,540
Closing costs
1%
$4,227
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,098
Total Expenses
$3,693
Mortgage P&I
70%
$2,163
Property Taxes
10%
$322
Home Insurance
5%
$154
HOA
0%
$0
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341