This property looks like a bad Mid-Term investment with a projected -5.33% first-year return on $107k initial cash invested.
-5.33%
Cash On Cash
5.72%
Cap Rate
0.86
DSCR
$3,464
Rent
-$475
Cashflow
Cash Flow
$3,464 income − $3,939 expenses = $475 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,780
Closing costs
1%
$4,239
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,464
Total Expenses
$3,939
Mortgage P&I
68%
$2,356
Property Taxes
7%
$252
Home Insurance
4%
$152
HOA
0%
$0
Property Management
12%
$416
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$381