This property looks like a bad Mid-Term investment with a projected -6.66% first-year return on $107k initial cash invested.
-6.66%
Cash On Cash
4.98%
Cap Rate
0.79
DSCR
$3,435
Rent
-$593
Cashflow
Cash Flow
$3,435 income − $4,028 expenses = $593 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,620
Closing costs
1%
$4,231
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,435
Total Expenses
$4,028
Mortgage P&I
64%
$2,212
Property Taxes
15%
$502
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$412
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$378