This property looks like a bad Mid-Term investment with a projected -12.68% first-year return on $107k initial cash invested.
-12.68%
Cash On Cash
3.73%
Cap Rate
0.56
DSCR
$2,300
Rent
-$1,134
Cashflow
Cash Flow
$2,300 income − $3,434 expenses = $1,134 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%
$85,100
Closing costs
1%
$4,255
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,300
Total Expenses
$3,434
Mortgage P&I
103%
$2,364
Property Taxes
6%
$130
Home Insurance
7%
$158
HOA
0%
$0
Property Management
12%
$276
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$253