This property looks like a bad Mid-Term investment with a projected -19.33% first-year return on $106k initial cash invested.
-19.33%
Cash On Cash
2.05%
Cap Rate
0.31
DSCR
$1,917
Rent
-$1,715
Cashflow
Cash Flow
$1,917 income − $3,632 expenses = $1,715 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,917
Total Expenses
$3,632
Mortgage P&I
123%
$2,357
Property Taxes
24%
$464
Home Insurance
8%
$158
HOA
0%
$0
Property Management
12%
$230
CapEx
4%
$77
Vacancy
3%
$58
Maintenance
4%
$77
Other
11%
$211