This property looks like a bad Mid-Term investment with a projected -6.67% first-year return on $108k initial cash invested.
-6.67%
Cash On Cash
5.21%
Cap Rate
0.8
DSCR
$3,208
Rent
-$599
Cashflow
Cash Flow
$3,208 income − $3,807 expenses = $599 out of pocket
Investment Breakdown
|
Purchase Price
$427k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,440
Closing costs
1%
$4,272
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,208
Total Expenses
$3,807
Mortgage P&I
73%
$2,327
Property Taxes
8%
$241
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$385
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$353