This property looks like a bad Mid-Term investment with a projected -6.89% first-year return on $107k initial cash invested.
-6.89%
Cash On Cash
5.17%
Cap Rate
0.8
DSCR
$4,134
Rent
-$615
Cashflow
Cash Flow
$4,134 income − $4,749 expenses = $615 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,820
Closing costs
1%
$4,241
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,134
Total Expenses
$4,749
Mortgage P&I
55%
$2,276
Property Taxes
21%
$873
Home Insurance
4%
$150
HOA
1%
$45
Property Management
12%
$496
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$455