This property looks like a bad Mid-Term investment with a projected -8.92% first-year return on $106k initial cash invested.
-8.92%
Cash On Cash
4.98%
Cap Rate
0.74
DSCR
$4,480
Rent
-$789
Cashflow
Cash Flow
$4,480 income − $5,269 expenses = $789 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%
$83,900
Closing costs
1%
$4,195
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,480
Total Expenses
$5,269
Mortgage P&I
53%
$2,352
Property Taxes
16%
$721
Home Insurance
3%
$147
HOA
12%
$526
Property Management
12%
$538
CapEx
4%
$179
Vacancy
3%
$134
Maintenance
4%
$179
Other
11%
$493