This property looks like a bad Mid-Term investment with a projected -4.54% first-year return on $108k initial cash invested.
-4.54%
Cash On Cash
5.7%
Cap Rate
0.89
DSCR
$4,050
Rent
-$407
Cashflow
Cash Flow
$4,050 income − $4,457 expenses = $407 out of pocket
Investment Breakdown
|
Purchase Price
$427k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,320
Closing costs
1%
$4,266
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,050
Total Expenses
$4,457
Mortgage P&I
56%
$2,272
Property Taxes
13%
$523
Home Insurance
4%
$154
HOA
3%
$130
Property Management
12%
$486
CapEx
4%
$162
Vacancy
3%
$122
Maintenance
4%
$162
Other
11%
$446