This property looks like a bad Mid-Term investment with a projected -1.76% first-year return on $106k initial cash invested.
-1.76%
Cash On Cash
6.49%
Cap Rate
1.01
DSCR
$4,371
Rent
-$156
Cashflow
Cash Flow
$4,371 income − $4,527 expenses = $156 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,140
Closing costs
1%
$4,207
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,371
Total Expenses
$4,527
Mortgage P&I
52%
$2,258
Property Taxes
14%
$634
Home Insurance
3%
$148
HOA
0%
$0
Property Management
12%
$525
CapEx
4%
$175
Vacancy
3%
$131
Maintenance
4%
$175
Other
11%
$481