This property looks like a bad Mid-Term investment with a projected -8.11% first-year return on $107k initial cash invested.
-8.11%
Cash On Cash
4.44%
Cap Rate
0.72
DSCR
$2,876
Rent
-$726
Cashflow
Cash Flow
$2,876 income − $3,602 expenses = $726 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$85,180
Closing costs
1%
$4,259
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,876
Total Expenses
$3,602
Mortgage P&I
76%
$2,188
Property Taxes
10%
$285
Home Insurance
5%
$152
HOA
0%
$0
Property Management
12%
$345
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$316