This property looks like a bad Mid-Term investment with a projected -1.45% first-year return on $106k initial cash invested.
-1.45%
Cash On Cash
6.46%
Cap Rate
1.01
DSCR
$3,978
Rent
-$129
Cashflow
Cash Flow
$3,978 income − $4,107 expenses = $129 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,200
Closing costs
1%
$4,210
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,978
Total Expenses
$4,107
Mortgage P&I
56%
$2,236
Property Taxes
9%
$372
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$477
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$438