This property looks like a bad Mid-Term investment with a projected -11.83% first-year return on $107k initial cash invested.
-11.83%
Cash On Cash
3.96%
Cap Rate
0.59
DSCR
$2,438
Rent
-$1,052
Cashflow
Cash Flow
$2,438 income − $3,490 expenses = $1,052 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%
$84,480
Closing costs
1%
$4,224
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,438
Total Expenses
$3,490
Mortgage P&I
96%
$2,347
Property Taxes
6%
$156
Home Insurance
6%
$157
HOA
0%
$0
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$268