This property looks like a bad Mid-Term investment with a projected -2.92% first-year return on $107k initial cash invested.
-2.92%
Cash On Cash
6.26%
Cap Rate
0.96
DSCR
$4,113
Rent
-$260
Cashflow
Cash Flow
$4,113 income − $4,373 expenses = $260 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,520
Closing costs
1%
$4,226
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,113
Total Expenses
$4,373
Mortgage P&I
56%
$2,299
Property Taxes
12%
$495
Home Insurance
4%
$180
HOA
0%
$0
Property Management
12%
$494
CapEx
4%
$165
Vacancy
3%
$123
Maintenance
4%
$165
Other
11%
$452