This property looks like a bad Mid-Term investment with a projected -4.98% first-year return on $106k initial cash invested.
-4.98%
Cash On Cash
5.64%
Cap Rate
0.87
DSCR
$3,654
Rent
-$440
Cashflow
Cash Flow
$3,654 income − $4,094 expenses = $440 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%
$83,900
Closing costs
1%
$4,195
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,654
Total Expenses
$4,094
Mortgage P&I
62%
$2,266
Property Taxes
12%
$425
Home Insurance
4%
$161
HOA
0%
$0
Property Management
12%
$438
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$402