This property looks like a bad Mid-Term investment with a projected -7.53% first-year return on $107k initial cash invested.
-7.53%
Cash On Cash
4.95%
Cap Rate
0.77
DSCR
$3,338
Rent
-$674
Cashflow
Cash Flow
$3,338 income − $4,012 expenses = $674 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$85,200
Closing costs
1%
$4,260
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,338
Total Expenses
$4,012
Mortgage P&I
69%
$2,298
Property Taxes
13%
$420
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$401
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$367