This property looks like a bad Mid-Term investment with a projected -1.81% first-year return on $107k initial cash invested.
-1.81%
Cash On Cash
6.4%
Cap Rate
1.01
DSCR
$4,328
Rent
-$161
Cashflow
Cash Flow
$4,328 income − $4,489 expenses = $161 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%
$84,600
Closing costs
1%
$4,230
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,328
Total Expenses
$4,489
Mortgage P&I
52%
$2,243
Property Taxes
14%
$625
Home Insurance
3%
$150
HOA
0%
$0
Property Management
12%
$519
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$476