This property looks like a bad Mid-Term investment with a projected -17.89% first-year return on $108k initial cash invested.
-17.89%
Cash On Cash
2.32%
Cap Rate
0.35
DSCR
$2,046
Rent
-$1,604
Cashflow
Cash Flow
$2,046 income − $3,650 expenses = $1,604 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%
$85,320
Closing costs
1%
$4,266
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,046
Total Expenses
$3,650
Mortgage P&I
115%
$2,347
Property Taxes
22%
$453
Home Insurance
8%
$154
HOA
0%
$0
Property Management
12%
$246
CapEx
4%
$82
Vacancy
3%
$61
Maintenance
4%
$82
Other
11%
$225