This property looks like a bad Mid-Term investment with a projected -10.67% first-year return on $106k initial cash invested.
-10.67%
Cash On Cash
4.24%
Cap Rate
0.64
DSCR
$2,516
Rent
-$947
Cashflow
Cash Flow
$2,516 income − $3,463 expenses = $947 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,260
Closing costs
1%
$4,213
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,516
Total Expenses
$3,463
Mortgage P&I
93%
$2,333
Property Taxes
5%
$122
Home Insurance
6%
$152
HOA
0%
$0
Property Management
12%
$302
CapEx
4%
$101
Vacancy
3%
$75
Maintenance
4%
$101
Other
11%
$277