This property looks like a bad Mid-Term investment with a projected -4.59% first-year return on $106k initial cash invested.
-4.59%
Cash On Cash
5.96%
Cap Rate
0.88
DSCR
$3,330
Rent
-$406
Cashflow
Cash Flow
$3,330 income − $3,736 expenses = $406 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%
$83,918
Closing costs
1%
$4,196
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,330
Total Expenses
$3,736
Mortgage P&I
71%
$2,357
Property Taxes
0%
$10
Home Insurance
4%
$147
HOA
3%
$90
Property Management
12%
$400
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$366