This property looks like a bad Mid-Term investment with a projected -10.2% first-year return on $107k initial cash invested.
-10.2%
Cash On Cash
4.22%
Cap Rate
0.65
DSCR
$2,890
Rent
-$909
Cashflow
Cash Flow
$2,890 income − $3,799 expenses = $909 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,680
Closing costs
1%
$4,234
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,890
Total Expenses
$3,799
Mortgage P&I
79%
$2,282
Property Taxes
13%
$383
Home Insurance
5%
$150
HOA
0%
$0
Property Management
12%
$347
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$318