This property looks like a bad Mid-Term investment with a projected -2.55% first-year return on $106k initial cash invested.
-2.55%
Cash On Cash
5.99%
Cap Rate
0.97
DSCR
$4,182
Rent
-$226
Cashflow
Cash Flow
$4,182 income − $4,408 expenses = $226 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
6.6%
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
$4,182
Total Expenses
$4,408
Mortgage P&I
52%
$2,154
Property Taxes
16%
$686
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$502
CapEx
4%
$167
Vacancy
3%
$125
Maintenance
4%
$167
Other
11%
$460