This property looks like a bad Mid-Term investment with a projected -8.03% first-year return on $106k initial cash invested.
-8.03%
Cash On Cash
4.84%
Cap Rate
0.75
DSCR
$3,320
Rent
-$710
Cashflow
Cash Flow
$3,320 income − $4,030 expenses = $710 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,920
Closing costs
1%
$4,196
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,320
Total Expenses
$4,030
Mortgage P&I
68%
$2,271
Property Taxes
14%
$464
Home Insurance
5%
$166
HOA
0%
$0
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$365