This property looks like a bad Mid-Term investment with a projected -10.4% first-year return on $108k initial cash invested.
-10.4%
Cash On Cash
4.17%
Cap Rate
0.64
DSCR
$2,898
Rent
-$932
Cashflow
Cash Flow
$2,898 income − $3,830 expenses = $932 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,280
Closing costs
1%
$4,264
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,898
Total Expenses
$3,830
Mortgage P&I
79%
$2,298
Property Taxes
14%
$397
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$348
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$319