This property looks like a bad Mid-Term investment with a projected -4.72% first-year return on $107k initial cash invested.
-4.72%
Cash On Cash
5.65%
Cap Rate
0.87
DSCR
$3,356
Rent
-$420
Cashflow
Cash Flow
$3,356 income − $3,776 expenses = $420 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%
$84,490
Closing costs
1%
$4,224
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,356
Total Expenses
$3,776
Mortgage P&I
68%
$2,276
Property Taxes
6%
$211
Home Insurance
4%
$148
HOA
0%
$0
Property Management
12%
$403
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369