This property looks like a bad Mid-Term investment with a projected -2.69% first-year return on $106k initial cash invested.
-2.69%
Cash On Cash
6.47%
Cap Rate
0.97
DSCR
$4,130
Rent
-$238
Cashflow
Cash Flow
$4,130 income − $4,368 expenses = $238 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,040
Closing costs
1%
$4,202
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,130
Total Expenses
$4,368
Mortgage P&I
57%
$2,338
Property Taxes
11%
$460
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$496
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$454