This property looks like a bad Mid-Term investment with a projected -7.1% first-year return on $106k initial cash invested.
-7.1%
Cash On Cash
5.07%
Cap Rate
0.78
DSCR
$3,368
Rent
-$628
Cashflow
Cash Flow
$3,368 income − $3,996 expenses = $628 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,000
Closing costs
1%
$4,200
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,368
Total Expenses
$3,996
Mortgage P&I
67%
$2,266
Property Taxes
13%
$438
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$404
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$370