This property looks like a bad Mid-Term investment with a projected -8.86% first-year return on $107k initial cash invested.
-8.86%
Cash On Cash
4.55%
Cap Rate
0.71
DSCR
$3,252
Rent
-$789
Cashflow
Cash Flow
$3,252 income − $4,041 expenses = $789 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
$3,252
Total Expenses
$4,041
Mortgage P&I
70%
$2,264
Property Taxes
16%
$521
Home Insurance
5%
$150
HOA
0%
$0
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358