This property looks like a bad Mid-Term investment with a projected -2.96% first-year return on $108k initial cash invested.
-2.96%
Cash On Cash
5.81%
Cap Rate
0.94
DSCR
$3,585
Rent
-$265
Cashflow
Cash Flow
$3,585 income − $3,850 expenses = $265 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,280
Closing costs
1%
$4,264
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,585
Total Expenses
$3,850
Mortgage P&I
61%
$2,187
Property Taxes
7%
$268
Home Insurance
4%
$156
HOA
1%
$21
Property Management
12%
$430
CapEx
4%
$143
Vacancy
3%
$108
Maintenance
4%
$143
Other
11%
$394