This property looks like a bad Mid-Term investment with a projected -2.9% first-year return on $107k initial cash invested.
-2.9%
Cash On Cash
5.84%
Cap Rate
0.95
DSCR
$3,999
Rent
-$258
Cashflow
Cash Flow
$3,999 income − $4,257 expenses = $258 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%
$84,600
Closing costs
1%
$4,230
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,999
Total Expenses
$4,257
Mortgage P&I
54%
$2,157
Property Taxes
14%
$562
Home Insurance
4%
$149
HOA
1%
$29
Property Management
12%
$480
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$440