This property looks like a bad Mid-Term investment with a projected -7.66% first-year return on $107k initial cash invested.
-7.66%
Cash On Cash
4.99%
Cap Rate
0.76
DSCR
$3,118
Rent
-$680
Cashflow
Cash Flow
$3,118 income − $3,798 expenses = $680 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,340
Closing costs
1%
$4,217
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,118
Total Expenses
$3,798
Mortgage P&I
74%
$2,310
Property Taxes
9%
$277
Home Insurance
5%
$150
HOA
0%
$0
Property Management
12%
$374
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$343