This property looks like a bad Mid-Term investment with a projected -3.34% first-year return on $107k initial cash invested.
-3.34%
Cash On Cash
6.28%
Cap Rate
0.95
DSCR
$4,508
Rent
-$299
Cashflow
Cash Flow
$4,508 income − $4,807 expenses = $299 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%
$85,120
Closing costs
1%
$4,256
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,508
Total Expenses
$4,807
Mortgage P&I
52%
$2,346
Property Taxes
15%
$657
Home Insurance
3%
$147
HOA
3%
$125
Property Management
12%
$541
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$496