This property looks like a bad Mid-Term investment with a projected -0.26% first-year return on $107k initial cash invested.
-0.26%
Cash On Cash
6.84%
Cap Rate
1.07
DSCR
$4,658
Rent
-$23
Cashflow
Cash Flow
$4,658 income − $4,681 expenses = $23 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,620
Closing costs
1%
$4,231
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,658
Total Expenses
$4,681
Mortgage P&I
48%
$2,247
Property Taxes
15%
$702
Home Insurance
3%
$149
HOA
0%
$0
Property Management
12%
$559
CapEx
4%
$186
Vacancy
3%
$140
Maintenance
4%
$186
Other
11%
$512