This property looks like a bad Mid-Term investment with a projected -4.43% first-year return on $106k initial cash invested.
-4.43%
Cash On Cash
5.82%
Cap Rate
0.9
DSCR
$4,131
Rent
-$393
Cashflow
Cash Flow
$4,131 income − $4,524 expenses = $393 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,180
Closing costs
1%
$4,209
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,131
Total Expenses
$4,524
Mortgage P&I
55%
$2,269
Property Taxes
11%
$441
Home Insurance
4%
$175
HOA
6%
$235
Property Management
12%
$496
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$454