This property looks like a bad Mid-Term investment with a projected -6.83% first-year return on $108k initial cash invested.
-6.83%
Cash On Cash
5.16%
Cap Rate
0.79
DSCR
$3,294
Rent
-$612
Cashflow
Cash Flow
$3,294 income − $3,906 expenses = $612 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,240
Closing costs
1%
$4,262
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,294
Total Expenses
$3,906
Mortgage P&I
70%
$2,311
Property Taxes
10%
$324
Home Insurance
5%
$151
HOA
0%
$0
Property Management
12%
$395
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$362