This property looks like a bad Mid-Term investment with a projected -5.18% first-year return on $106k initial cash invested.
-5.18%
Cash On Cash
5.74%
Cap Rate
0.87
DSCR
$3,702
Rent
-$458
Cashflow
Cash Flow
$3,702 income − $4,160 expenses = $458 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%
$83,980
Closing costs
1%
$4,199
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,702
Total Expenses
$4,160
Mortgage P&I
63%
$2,318
Property Taxes
11%
$394
Home Insurance
4%
$147
HOA
1%
$43
Property Management
12%
$444
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$407