This property looks like a bad Mid-Term investment with a projected -8.8% first-year return on $107k initial cash invested.
-8.8%
Cash On Cash
4.75%
Cap Rate
0.72
DSCR
$3,134
Rent
-$788
Cashflow
Cash Flow
$3,134 income − $3,922 expenses = $788 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$85,140
Closing costs
1%
$4,257
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,134
Total Expenses
$3,922
Mortgage P&I
75%
$2,348
Property Taxes
11%
$352
Home Insurance
5%
$157
HOA
0%
$0
Property Management
12%
$376
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$345