This property looks like a bad Mid-Term investment with a projected -9.11% first-year return on $107k initial cash invested.
-9.11%
Cash On Cash
4.64%
Cap Rate
0.71
DSCR
$3,376
Rent
-$809
Cashflow
Cash Flow
$3,376 income − $4,185 expenses = $809 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,320
Closing costs
1%
$4,216
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,376
Total Expenses
$4,185
Mortgage P&I
68%
$2,305
Property Taxes
3%
$97
Home Insurance
4%
$149
HOA
14%
$487
Property Management
12%
$405
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$371