This property looks like a bad Mid-Term investment with a projected -11.98% first-year return on $107k initial cash invested.
-11.98%
Cash On Cash
3.49%
Cap Rate
0.57
DSCR
$3,195
Rent
-$1,065
Cashflow
Cash Flow
$3,195 income − $4,260 expenses = $1,065 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,440
Closing costs
1%
$4,222
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,195
Total Expenses
$4,260
Mortgage P&I
68%
$2,165
Property Taxes
25%
$812
Home Insurance
5%
$152
HOA
1%
$45
Property Management
12%
$383
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$351