This property looks like a bad Mid-Term investment with a projected -5.68% first-year return on $108k initial cash invested.
-5.68%
Cash On Cash
5.74%
Cap Rate
0.84
DSCR
$3,387
Rent
-$510
Cashflow
Cash Flow
$3,387 income − $3,897 expenses = $510 out of pocket
Investment Breakdown
|
Purchase Price
$427k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,460
Closing costs
1%
$4,273
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,387
Total Expenses
$3,897
Mortgage P&I
71%
$2,419
Property Taxes
5%
$177
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$406
CapEx
4%
$135
Vacancy
3%
$102
Maintenance
4%
$135
Other
11%
$373