This property looks like a bad Mid-Term investment with a projected -10.28% first-year return on $106k initial cash invested.
-10.28%
Cash On Cash
4.42%
Cap Rate
0.66
DSCR
$3,129
Rent
-$909
Cashflow
Cash Flow
$3,129 income − $4,038 expenses = $909 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,940
Closing costs
1%
$4,197
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,129
Total Expenses
$4,038
Mortgage P&I
74%
$2,330
Property Taxes
16%
$496
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$375
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$344