This property looks like a bad Mid-Term investment with a projected -3.41% first-year return on $106k initial cash invested.
-3.41%
Cash On Cash
6.03%
Cap Rate
0.93
DSCR
$3,508
Rent
-$302
Cashflow
Cash Flow
$3,508 income − $3,810 expenses = $302 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,508
Total Expenses
$3,810
Mortgage P&I
65%
$2,273
Property Taxes
6%
$198
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$421
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$386