This property looks like a bad Mid-Term investment with a projected -2.3% first-year return on $107k initial cash invested.
-2.3%
Cash On Cash
6.38%
Cap Rate
0.99
DSCR
$4,281
Rent
-$204
Cashflow
Cash Flow
$4,281 income − $4,485 expenses = $204 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,300
Closing costs
1%
$4,215
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,281
Total Expenses
$4,485
Mortgage P&I
53%
$2,275
Property Taxes
14%
$610
Home Insurance
3%
$145
HOA
0%
$0
Property Management
12%
$514
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$471