This property looks like a bad Mid-Term investment with a projected -6.58% first-year return on $107k initial cash invested.
-6.58%
Cash On Cash
5.39%
Cap Rate
0.81
DSCR
$3,548
Rent
-$589
Cashflow
Cash Flow
$3,548 income − $4,137 expenses = $589 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$85,100
Closing costs
1%
$4,255
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,548
Total Expenses
$4,137
Mortgage P&I
66%
$2,358
Property Taxes
12%
$421
Home Insurance
4%
$152
HOA
0%
$0
Property Management
12%
$426
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$390