This property looks like a bad Mid-Term investment with a projected -4.5% first-year return on $107k initial cash invested.
-4.5%
Cash On Cash
5.24%
Cap Rate
0.88
DSCR
$3,447
Rent
-$400
Cashflow
Cash Flow
$3,447 income − $3,847 expenses = $400 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,360
Closing costs
1%
$4,218
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,447
Total Expenses
$3,847
Mortgage P&I
61%
$2,105
Property Taxes
12%
$420
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$414
CapEx
4%
$138
Vacancy
3%
$103
Maintenance
4%
$138
Other
11%
$379