This property looks like a bad Mid-Term investment with a projected -6.19% first-year return on $107k initial cash invested.
-6.19%
Cash On Cash
5.24%
Cap Rate
0.81
DSCR
$3,174
Rent
-$550
Cashflow
Cash Flow
$3,174 income − $3,724 expenses = $550 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,380
Closing costs
1%
$4,219
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,174
Total Expenses
$3,724
Mortgage P&I
71%
$2,264
Property Taxes
7%
$232
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$349