This property looks like a bad Mid-Term investment with a projected -0.69% first-year return on $107k initial cash invested.
-0.69%
Cash On Cash
6.79%
Cap Rate
1.04
DSCR
$4,004
Rent
-$62
Cashflow
Cash Flow
$4,004 income − $4,066 expenses = $62 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,004
Total Expenses
$4,066
Mortgage P&I
58%
$2,304
Property Taxes
6%
$244
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$480
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$440