This property looks like a bad Mid-Term investment with a projected -4.95% first-year return on $107k initial cash invested.
-4.95%
Cash On Cash
5.64%
Cap Rate
0.87
DSCR
$3,471
Rent
-$440
Cashflow
Cash Flow
$3,471 income − $3,911 expenses = $440 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,475
Closing costs
1%
$4,224
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,471
Total Expenses
$3,911
Mortgage P&I
66%
$2,285
Property Taxes
9%
$297
Home Insurance
4%
$148
HOA
0%
$0
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$382