This property looks like a bad Mid-Term investment with a projected -5.17% first-year return on $108k initial cash invested.
-5.17%
Cash On Cash
5.19%
Cap Rate
0.84
DSCR
$2,974
Rent
-$463
Cashflow
Cash Flow
$2,974 income − $3,437 expenses = $463 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,974
Total Expenses
$3,437
Mortgage P&I
74%
$2,189
Property Taxes
3%
$83
Home Insurance
5%
$154
HOA
0%
$0
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327