This property looks like a bad Mid-Term investment with a projected -0.18% first-year return on $107k initial cash invested.
-0.18%
Cash On Cash
6.61%
Cap Rate
1.06
DSCR
$3,818
Rent
-$16
Cashflow
Cash Flow
$3,818 income − $3,834 expenses = $16 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,360
Closing costs
1%
$4,218
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,818
Total Expenses
$3,834
Mortgage P&I
57%
$2,188
Property Taxes
5%
$197
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$458
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$420