This property looks like a bad Mid-Term investment with a projected -6.68% first-year return on $107k initial cash invested.
-6.68%
Cash On Cash
5.4%
Cap Rate
0.81
DSCR
$3,380
Rent
-$594
Cashflow
Cash Flow
$3,380 income − $3,974 expenses = $594 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,420
Closing costs
1%
$4,221
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,380
Total Expenses
$3,974
Mortgage P&I
70%
$2,360
Property Taxes
9%
$320
Home Insurance
4%
$145
HOA
0%
$0
Property Management
12%
$406
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$372