This property looks like a bad Mid-Term investment with a projected -7.14% first-year return on $107k initial cash invested.
-7.14%
Cash On Cash
5.19%
Cap Rate
0.78
DSCR
$3,009
Rent
-$636
Cashflow
Cash Flow
$3,009 income − $3,645 expenses = $636 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,680
Closing costs
1%
$4,234
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,009
Total Expenses
$3,645
Mortgage P&I
78%
$2,348
Property Taxes
4%
$110
Home Insurance
5%
$152
HOA
0%
$13
Property Management
12%
$361
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$331