This property looks like a bad Mid-Term investment with a projected -15.05% first-year return on $107k initial cash invested.
-15.05%
Cash On Cash
3.14%
Cap Rate
0.47
DSCR
$2,307
Rent
-$1,340
Cashflow
Cash Flow
$2,307 income − $3,647 expenses = $1,340 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,307
Total Expenses
$3,647
Mortgage P&I
102%
$2,356
Property Taxes
15%
$349
Home Insurance
7%
$158
HOA
0%
$0
Property Management
12%
$277
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$254