This property looks like a bad Mid-Term investment with a projected -6.86% first-year return on $107k initial cash invested.
-6.86%
Cash On Cash
4.76%
Cap Rate
0.78
DSCR
$3,249
Rent
-$612
Cashflow
Cash Flow
$3,249 income − $3,861 expenses = $612 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,880
Closing costs
1%
$4,244
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,249
Total Expenses
$3,861
Mortgage P&I
67%
$2,166
Property Taxes
13%
$407
Home Insurance
6%
$184
HOA
0%
$0
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357