This property looks like a bad Mid-Term investment with a projected -13.56% first-year return on $106k initial cash invested.
-13.56%
Cash On Cash
2.89%
Cap Rate
0.47
DSCR
$1,731
Rent
-$1,200
Cashflow
Cash Flow
$1,731 income − $2,931 expenses = $1,200 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,980
Closing costs
1%
$4,199
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,731
Total Expenses
$2,931
Mortgage P&I
124%
$2,141
Property Taxes
3%
$55
Home Insurance
8%
$147
HOA
0%
$0
Property Management
12%
$208
CapEx
4%
$69
Vacancy
3%
$52
Maintenance
4%
$69
Other
11%
$190