This property looks like a bad Mid-Term investment with a projected -2.79% first-year return on $106k initial cash invested.
-2.79%
Cash On Cash
6.39%
Cap Rate
0.96
DSCR
$4,088
Rent
-$247
Cashflow
Cash Flow
$4,088 income − $4,335 expenses = $247 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,060
Closing costs
1%
$4,203
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,088
Total Expenses
$4,335
Mortgage P&I
57%
$2,322
Property Taxes
12%
$472
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$491
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$450