This property looks like a bad Mid-Term investment with a projected -1.57% first-year return on $106k initial cash invested.
-1.57%
Cash On Cash
6.63%
Cap Rate
1.01
DSCR
$4,194
Rent
-$139
Cashflow
Cash Flow
$4,194 income − $4,333 expenses = $139 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,240
Closing costs
1%
$4,212
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,194
Total Expenses
$4,333
Mortgage P&I
55%
$2,298
Property Taxes
11%
$462
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$503
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$461