This property looks like a bad Mid-Term investment with a projected -2.39% first-year return on $106k initial cash invested.
-2.39%
Cash On Cash
6.39%
Cap Rate
0.97
DSCR
$3,537
Rent
-$212
Cashflow
Cash Flow
$3,537 income − $3,749 expenses = $212 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,537
Total Expenses
$3,749
Mortgage P&I
65%
$2,314
Property Taxes
1%
$27
Home Insurance
4%
$149
HOA
2%
$58
Property Management
12%
$424
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$389