This property looks like a bad Mid-Term investment with a projected -7.39% first-year return on $106k initial cash invested.
-7.39%
Cash On Cash
4.99%
Cap Rate
0.77
DSCR
$3,326
Rent
-$654
Cashflow
Cash Flow
$3,326 income − $3,980 expenses = $654 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,326
Total Expenses
$3,980
Mortgage P&I
68%
$2,270
Property Taxes
13%
$430
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$399
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$366