This property looks like a bad Mid-Term investment with a projected -13.31% first-year return on $106k initial cash invested.
-13.31%
Cash On Cash
2.98%
Cap Rate
0.49
DSCR
$1,941
Rent
-$1,178
Cashflow
Cash Flow
$1,941 income − $3,119 expenses = $1,178 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,980
Closing costs
1%
$4,199
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,941
Total Expenses
$3,119
Mortgage P&I
110%
$2,143
Property Taxes
9%
$168
Home Insurance
8%
$147
HOA
0%
$0
Property Management
12%
$233
CapEx
4%
$78
Vacancy
3%
$58
Maintenance
4%
$78
Other
11%
$214