This property looks like a bad Mid-Term investment with a projected -1.87% first-year return on $108k initial cash invested.
-1.87%
Cash On Cash
6.55%
Cap Rate
1
DSCR
$3,966
Rent
-$168
Cashflow
Cash Flow
$3,966 income − $4,134 expenses = $168 out of pocket
Investment Breakdown
|
Purchase Price
$427k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,400
Closing costs
1%
$4,270
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,966
Total Expenses
$4,134
Mortgage P&I
59%
$2,340
Property Taxes
6%
$253
Home Insurance
4%
$154
HOA
1%
$38
Property Management
12%
$476
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$436