This property looks like a bad Mid-Term investment with a projected -0.12% first-year return on $107k initial cash invested.
-0.12%
Cash On Cash
7.21%
Cap Rate
1.07
DSCR
$4,660
Rent
-$11
Cashflow
Cash Flow
$4,660 income − $4,671 expenses = $11 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,840
Closing costs
1%
$4,242
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,660
Total Expenses
$4,671
Mortgage P&I
51%
$2,373
Property Taxes
12%
$564
Home Insurance
3%
$150
HOA
0%
$0
Property Management
12%
$559
CapEx
4%
$186
Vacancy
3%
$140
Maintenance
4%
$186
Other
11%
$513