This property looks like a bad Mid-Term investment with a projected -4.15% first-year return on $107k initial cash invested.
-4.15%
Cash On Cash
5.61%
Cap Rate
0.9
DSCR
$3,692
Rent
-$372
Cashflow
Cash Flow
$3,692 income − $4,064 expenses = $372 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$85,200
Closing costs
1%
$4,260
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,692
Total Expenses
$4,064
Mortgage P&I
60%
$2,214
Property Taxes
12%
$442
Home Insurance
4%
$152
HOA
0%
$0
Property Management
12%
$443
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$406