This property looks like a bad Mid-Term investment with a projected -4.04% first-year return on $106k initial cash invested.
-4.04%
Cash On Cash
5.95%
Cap Rate
0.91
DSCR
$3,700
Rent
-$358
Cashflow
Cash Flow
$3,700 income − $4,058 expenses = $358 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%
$84,140
Closing costs
1%
$4,207
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,700
Total Expenses
$4,058
Mortgage P&I
62%
$2,296
Property Taxes
8%
$310
Home Insurance
4%
$144
HOA
1%
$50
Property Management
12%
$444
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$407