This property looks like a bad Mid-Term investment with a projected -2.28% first-year return on $107k initial cash invested.
-2.28%
Cash On Cash
6.41%
Cap Rate
0.98
DSCR
$3,747
Rent
-$203
Cashflow
Cash Flow
$3,747 income − $3,950 expenses = $203 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,740
Closing costs
1%
$4,237
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,747
Total Expenses
$3,950
Mortgage P&I
62%
$2,318
Property Taxes
6%
$209
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$450
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$412