This property looks like a bad Mid-Term investment with a projected -5.11% first-year return on $106k initial cash invested.
-5.11%
Cash On Cash
5.29%
Cap Rate
0.86
DSCR
$3,687
Rent
-$453
Cashflow
Cash Flow
$3,687 income − $4,140 expenses = $453 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,687
Total Expenses
$4,140
Mortgage P&I
59%
$2,161
Property Taxes
16%
$577
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$442
CapEx
4%
$147
Vacancy
3%
$111
Maintenance
4%
$147
Other
11%
$406