This property looks like a bad Mid-Term investment with a projected -4.56% first-year return on $107k initial cash invested.
-4.56%
Cash On Cash
5.86%
Cap Rate
0.89
DSCR
$3,624
Rent
-$408
Cashflow
Cash Flow
$3,624 income − $4,032 expenses = $408 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$85,120
Closing costs
1%
$4,256
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,624
Total Expenses
$4,032
Mortgage P&I
65%
$2,340
Property Taxes
8%
$301
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$435
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$399