This property looks like a bad Mid-Term investment with a projected -7.55% first-year return on $106k initial cash invested.
-7.55%
Cash On Cash
4.65%
Cap Rate
0.76
DSCR
$3,692
Rent
-$670
Cashflow
Cash Flow
$3,692 income − $4,362 expenses = $670 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,280
Closing costs
1%
$4,214
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,692
Total Expenses
$4,362
Mortgage P&I
58%
$2,154
Property Taxes
19%
$719
Home Insurance
4%
$149
HOA
2%
$84
Property Management
12%
$443
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$406