This property looks like a bad Mid-Term investment with a projected -3.58% first-year return on $107k initial cash invested.
-3.58%
Cash On Cash
5.75%
Cap Rate
0.92
DSCR
$3,312
Rent
-$320
Cashflow
Cash Flow
$3,312 income − $3,632 expenses = $320 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,880
Closing costs
1%
$4,244
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,312
Total Expenses
$3,632
Mortgage P&I
67%
$2,223
Property Taxes
4%
$128
Home Insurance
5%
$157
HOA
0%
$0
Property Management
12%
$397
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$364