This property looks like a bad Mid-Term investment with a projected -8.62% first-year return on $107k initial cash invested.
-8.62%
Cash On Cash
4.72%
Cap Rate
0.72
DSCR
$3,004
Rent
-$771
Cashflow
Cash Flow
$3,004 income − $3,775 expenses = $771 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%
$85,100
Closing costs
1%
$4,255
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,004
Total Expenses
$3,775
Mortgage P&I
77%
$2,325
Property Taxes
9%
$278
Home Insurance
5%
$152
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330