This property looks like a bad Mid-Term investment with a projected -5.86% first-year return on $107k initial cash invested.
-5.86%
Cash On Cash
5.61%
Cap Rate
0.84
DSCR
$3,357
Rent
-$520
Cashflow
Cash Flow
$3,357 income − $3,877 expenses = $520 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,320
Closing costs
1%
$4,216
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,357
Total Expenses
$3,877
Mortgage P&I
70%
$2,356
Property Taxes
7%
$226
Home Insurance
5%
$154
HOA
0%
$0
Property Management
12%
$403
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369