This property looks like a bad Mid-Term investment with a projected -2.39% first-year return on $107k initial cash invested.
-2.39%
Cash On Cash
6.28%
Cap Rate
0.98
DSCR
$4,014
Rent
-$213
Cashflow
Cash Flow
$4,014 income − $4,227 expenses = $213 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,660
Closing costs
1%
$4,233
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,014
Total Expenses
$4,227
Mortgage P&I
57%
$2,269
Property Taxes
9%
$373
Home Insurance
5%
$219
HOA
0%
$0
Property Management
12%
$482
CapEx
4%
$161
Vacancy
3%
$120
Maintenance
4%
$161
Other
11%
$442