This property looks like a bad Mid-Term investment with a projected -5.71% first-year return on $107k initial cash invested.
-5.71%
Cash On Cash
5.09%
Cap Rate
0.83
DSCR
$3,548
Rent
-$508
Cashflow
Cash Flow
$3,548 income − $4,056 expenses = $508 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,548
Total Expenses
$4,056
Mortgage P&I
61%
$2,159
Property Taxes
15%
$547
Home Insurance
4%
$144
HOA
0%
$0
Property Management
12%
$426
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$390