This property looks like a bad Mid-Term investment with a projected -6.88% first-year return on $106k initial cash invested.
-6.88%
Cash On Cash
5.34%
Cap Rate
0.8
DSCR
$3,808
Rent
-$610
Cashflow
Cash Flow
$3,808 income − $4,418 expenses = $610 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,180
Closing costs
1%
$4,209
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,808
Total Expenses
$4,418
Mortgage P&I
61%
$2,330
Property Taxes
7%
$279
Home Insurance
4%
$150
HOA
10%
$365
Property Management
12%
$457
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$419