This property looks like a bad Mid-Term investment with a projected -1.54% first-year return on $106k initial cash invested.
-1.54%
Cash On Cash
6.39%
Cap Rate
1
DSCR
$3,658
Rent
-$136
Cashflow
Cash Flow
$3,658 income − $3,794 expenses = $136 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,658
Total Expenses
$3,794
Mortgage P&I
61%
$2,225
Property Taxes
3%
$116
Home Insurance
4%
$147
HOA
2%
$63
Property Management
12%
$439
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$402