This property looks like a bad Mid-Term investment with a projected -5.21% first-year return on $107k initial cash invested.
-5.21%
Cash On Cash
5.27%
Cap Rate
0.85
DSCR
$3,436
Rent
-$464
Cashflow
Cash Flow
$3,436 income − $3,900 expenses = $464 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,580
Closing costs
1%
$4,229
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,436
Total Expenses
$3,900
Mortgage P&I
64%
$2,185
Property Taxes
11%
$364
Home Insurance
4%
$152
HOA
1%
$32
Property Management
12%
$412
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$378