This property looks like a bad Mid-Term investment with a projected -10.29% first-year return on $106k initial cash invested.
-10.29%
Cash On Cash
4.4%
Cap Rate
0.66
DSCR
$2,715
Rent
-$912
Cashflow
Cash Flow
$2,715 income − $3,627 expenses = $912 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,100
Closing costs
1%
$4,205
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,715
Total Expenses
$3,627
Mortgage P&I
86%
$2,345
Property Taxes
8%
$208
Home Insurance
6%
$150
HOA
0%
$0
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$81
Maintenance
4%
$109
Other
11%
$299