This property looks like a bad Mid-Term investment with a projected -0.85% first-year return on $108k initial cash invested.
-0.85%
Cash On Cash
6.63%
Cap Rate
1.04
DSCR
$4,352
Rent
-$76
Cashflow
Cash Flow
$4,352 income − $4,428 expenses = $76 out of pocket
Investment Breakdown
|
Purchase Price
$427k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,400
Closing costs
1%
$4,270
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,352
Total Expenses
$4,428
Mortgage P&I
52%
$2,261
Property Taxes
11%
$479
Home Insurance
5%
$208
HOA
0%
$0
Property Management
12%
$522
CapEx
4%
$174
Vacancy
3%
$131
Maintenance
4%
$174
Other
11%
$479