This property looks like a bad Mid-Term investment with a projected -2.54% first-year return on $107k initial cash invested.
-2.54%
Cash On Cash
6.18%
Cap Rate
0.97
DSCR
$3,814
Rent
-$226
Cashflow
Cash Flow
$3,814 income − $4,040 expenses = $226 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,560
Closing costs
1%
$4,228
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,814
Total Expenses
$4,040
Mortgage P&I
59%
$2,249
Property Taxes
9%
$343
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$458
CapEx
4%
$153
Vacancy
3%
$114
Maintenance
4%
$153
Other
11%
$420