This property looks like a bad Mid-Term investment with a projected -4.16% first-year return on $106k initial cash invested.
-4.16%
Cash On Cash
5.89%
Cap Rate
0.9
DSCR
$3,720
Rent
-$368
Cashflow
Cash Flow
$3,720 income − $4,088 expenses = $368 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%
$84,020
Closing costs
1%
$4,201
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,720
Total Expenses
$4,088
Mortgage P&I
61%
$2,282
Property Taxes
11%
$392
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$446
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$409