This property looks like a bad Mid-Term investment with a projected -5.25% first-year return on $106k initial cash invested.
-5.25%
Cash On Cash
5.89%
Cap Rate
0.88
DSCR
$4,416
Rent
-$465
Cashflow
Cash Flow
$4,416 income − $4,881 expenses = $465 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%
$83,998
Closing costs
1%
$4,200
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,416
Total Expenses
$4,881
Mortgage P&I
53%
$2,349
Property Taxes
18%
$802
Home Insurance
3%
$147
HOA
2%
$81
Property Management
12%
$530
CapEx
4%
$177
Vacancy
3%
$132
Maintenance
4%
$177
Other
11%
$486