This property looks like a bad Mid-Term investment with a projected -4.46% first-year return on $107k initial cash invested.
-4.46%
Cash On Cash
5.77%
Cap Rate
0.89
DSCR
$3,728
Rent
-$397
Cashflow
Cash Flow
$3,728 income − $4,125 expenses = $397 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%
$84,580
Closing costs
1%
$4,229
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,728
Total Expenses
$4,125
Mortgage P&I
61%
$2,280
Property Taxes
12%
$429
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$447
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$410