This property looks like a bad Mid-Term investment with a projected -2.49% first-year return on $107k initial cash invested.
-2.49%
Cash On Cash
6.23%
Cap Rate
0.97
DSCR
$3,633
Rent
-$223
Cashflow
Cash Flow
$3,633 income − $3,856 expenses = $223 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$85,220
Closing costs
1%
$4,261
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,633
Total Expenses
$3,856
Mortgage P&I
63%
$2,291
Property Taxes
5%
$172
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$436
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$400