This property looks like a bad Mid-Term investment with a projected -5.99% first-year return on $107k initial cash invested.
-5.99%
Cash On Cash
4.84%
Cap Rate
0.81
DSCR
$3,600
Rent
-$536
Cashflow
Cash Flow
$3,600 income − $4,136 expenses = $536 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$85,120
Closing costs
1%
$4,256
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,600
Total Expenses
$4,136
Mortgage P&I
59%
$2,108
Property Taxes
19%
$690
Home Insurance
3%
$114
HOA
0%
$0
Property Management
12%
$432
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$396