This property looks like a bad Mid-Term investment with a projected -0.99% first-year return on $107k initial cash invested.
-0.99%
Cash On Cash
6.33%
Cap Rate
1.03
DSCR
$4,014
Rent
-$88
Cashflow
Cash Flow
$4,014 income − $4,102 expenses = $88 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,680
Closing costs
1%
$4,234
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,014
Total Expenses
$4,102
Mortgage P&I
54%
$2,160
Property Taxes
11%
$429
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$482
CapEx
4%
$161
Vacancy
3%
$120
Maintenance
4%
$161
Other
11%
$442