This property looks like a bad Mid-Term investment with a projected -12.02% first-year return on $107k initial cash invested.
-12.02%
Cash On Cash
3.93%
Cap Rate
0.59
DSCR
$3,094
Rent
-$1,068
Cashflow
Cash Flow
$3,094 income − $4,162 expenses = $1,068 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,380
Closing costs
1%
$4,219
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,094
Total Expenses
$4,162
Mortgage P&I
75%
$2,325
Property Taxes
20%
$627
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$371
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$340