This property looks like a bad Mid-Term investment with a projected -4.81% first-year return on $106k initial cash invested.
-4.81%
Cash On Cash
5.3%
Cap Rate
0.86
DSCR
$3,134
Rent
-$427
Cashflow
Cash Flow
$3,134 income − $3,561 expenses = $427 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,220
Closing costs
1%
$4,211
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,134
Total Expenses
$3,561
Mortgage P&I
69%
$2,162
Property Taxes
5%
$153
Home Insurance
5%
$149
HOA
1%
$32
Property Management
12%
$376
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$345