This property looks like a bad Mid-Term investment with a projected -5.53% first-year return on $107k initial cash invested.
-5.53%
Cash On Cash
5.56%
Cap Rate
0.85
DSCR
$3,356
Rent
-$492
Cashflow
Cash Flow
$3,356 income − $3,848 expenses = $492 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%
$84,580
Closing costs
1%
$4,229
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,356
Total Expenses
$3,848
Mortgage P&I
69%
$2,316
Property Taxes
3%
$112
Home Insurance
5%
$154
HOA
4%
$125
Property Management
12%
$403
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369