This property looks like a bad Mid-Term investment with a projected -7.67% first-year return on $107k initial cash invested.
-7.67%
Cash On Cash
5.21%
Cap Rate
0.77
DSCR
$3,711
Rent
-$683
Cashflow
Cash Flow
$3,711 income − $4,394 expenses = $683 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,580
Closing costs
1%
$4,229
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,711
Total Expenses
$4,394
Mortgage P&I
64%
$2,371
Property Taxes
16%
$597
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$445
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$408