This property looks like a bad Mid-Term investment with a projected -7.92% first-year return on $106k initial cash invested.
-7.92%
Cash On Cash
5.13%
Cap Rate
0.76
DSCR
$3,706
Rent
-$701
Cashflow
Cash Flow
$3,706 income − $4,407 expenses = $701 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,000
Closing costs
1%
$4,200
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,706
Total Expenses
$4,407
Mortgage P&I
63%
$2,349
Property Taxes
18%
$651
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$445
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$408