This property looks like a bad Mid-Term investment with a projected -8.54% first-year return on $107k initial cash invested.
-8.54%
Cash On Cash
4.54%
Cap Rate
0.71
DSCR
$2,964
Rent
-$760
Cashflow
Cash Flow
$2,964 income − $3,724 expenses = $760 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,600
Closing costs
1%
$4,230
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,964
Total Expenses
$3,724
Mortgage P&I
76%
$2,243
Property Taxes
10%
$310
Home Insurance
5%
$157
HOA
0%
$5
Property Management
12%
$356
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$326