This property looks like a bad Mid-Term investment with a projected -8.25% first-year return on $107k initial cash invested.
-8.25%
Cash On Cash
4.93%
Cap Rate
0.74
DSCR
$3,314
Rent
-$732
Cashflow
Cash Flow
$3,314 income − $4,046 expenses = $732 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,314
Total Expenses
$4,046
Mortgage P&I
70%
$2,330
Property Taxes
15%
$500
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$99
Maintenance
4%
$133
Other
11%
$365