This property looks like a bad Mid-Term investment with a projected -7.91% first-year return on $107k initial cash invested.
-7.91%
Cash On Cash
4.97%
Cap Rate
0.75
DSCR
$2,960
Rent
-$708
Cashflow
Cash Flow
$2,960 income − $3,668 expenses = $708 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%
$85,120
Closing costs
1%
$4,256
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,960
Total Expenses
$3,668
Mortgage P&I
79%
$2,351
Property Taxes
6%
$174
Home Insurance
4%
$133
HOA
0%
$4
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$326