This property looks like a bad Mid-Term investment with a projected -1.82% first-year return on $108k initial cash invested.
-1.82%
Cash On Cash
6.38%
Cap Rate
1
DSCR
$4,018
Rent
-$163
Cashflow
Cash Flow
$4,018 income − $4,181 expenses = $163 out of pocket
Investment Breakdown
|
Purchase Price
$427k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,380
Closing costs
1%
$4,269
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,018
Total Expenses
$4,181
Mortgage P&I
57%
$2,272
Property Taxes
10%
$388
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$482
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$442