This property looks like a bad Mid-Term investment with a projected -3.46% first-year return on $106k initial cash invested.
-3.46%
Cash On Cash
5.93%
Cap Rate
0.93
DSCR
$3,603
Rent
-$306
Cashflow
Cash Flow
$3,603 income − $3,909 expenses = $306 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,603
Total Expenses
$3,909
Mortgage P&I
62%
$2,239
Property Taxes
8%
$301
Home Insurance
4%
$145
HOA
0%
$0
Property Management
12%
$432
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$396