This property looks like a bad Mid-Term investment with a projected -4.51% first-year return on $106k initial cash invested.
-4.51%
Cash On Cash
5.9%
Cap Rate
0.89
DSCR
$3,458
Rent
-$400
Cashflow
Cash Flow
$3,458 income − $3,858 expenses = $400 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,120
Closing costs
1%
$4,206
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,458
Total Expenses
$3,858
Mortgage P&I
67%
$2,331
Property Taxes
7%
$247
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$415
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$380