This property looks like a bad Mid-Term investment with a projected -7.55% first-year return on $108k initial cash invested.
-7.55%
Cash On Cash
4.94%
Cap Rate
0.76
DSCR
$3,170
Rent
-$677
Cashflow
Cash Flow
$3,170 income − $3,847 expenses = $677 out of pocket
Investment Breakdown
|
Purchase Price
$427k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,340
Closing costs
1%
$4,267
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,170
Total Expenses
$3,847
Mortgage P&I
73%
$2,308
Property Taxes
10%
$312
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$380
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$349