This property looks like a bad Mid-Term investment with a projected -6.86% first-year return on $107k initial cash invested.
-6.86%
Cash On Cash
4.7%
Cap Rate
0.77
DSCR
$3,096
Rent
-$612
Cashflow
Cash Flow
$3,096 income − $3,708 expenses = $612 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,880
Closing costs
1%
$4,244
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,096
Total Expenses
$3,708
Mortgage P&I
70%
$2,152
Property Taxes
11%
$353
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341