This property looks like a bad Mid-Term investment with a projected -5.76% first-year return on $107k initial cash invested.
-5.76%
Cash On Cash
5.75%
Cap Rate
0.85
DSCR
$3,846
Rent
-$513
Cashflow
Cash Flow
$3,846 income − $4,359 expenses = $513 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,700
Closing costs
1%
$4,235
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,846
Total Expenses
$4,359
Mortgage P&I
62%
$2,390
Property Taxes
13%
$504
Home Insurance
4%
$139
HOA
0%
$18
Property Management
12%
$462
CapEx
4%
$154
Vacancy
3%
$115
Maintenance
4%
$154
Other
11%
$423