This property looks like a bad Mid-Term investment with a projected -3.56% first-year return on $108k initial cash invested.
-3.56%
Cash On Cash
6.16%
Cap Rate
0.93
DSCR
$3,753
Rent
-$319
Cashflow
Cash Flow
$3,753 income − $4,072 expenses = $319 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,240
Closing costs
1%
$4,262
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,753
Total Expenses
$4,072
Mortgage P&I
63%
$2,357
Property Taxes
8%
$289
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$450
CapEx
4%
$150
Vacancy
3%
$113
Maintenance
4%
$150
Other
11%
$413