This property looks like a bad Mid-Term investment with a projected -7.72% first-year return on $106k initial cash invested.
-7.72%
Cash On Cash
4.8%
Cap Rate
0.75
DSCR
$3,362
Rent
-$683
Cashflow
Cash Flow
$3,362 income − $4,045 expenses = $683 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,980
Closing costs
1%
$4,199
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,362
Total Expenses
$4,045
Mortgage P&I
66%
$2,230
Property Taxes
16%
$526
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$403
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$370