This property looks like a bad Mid-Term investment with a projected -9.79% first-year return on $106k initial cash invested.
-9.79%
Cash On Cash
4.1%
Cap Rate
0.65
DSCR
$2,511
Rent
-$866
Cashflow
Cash Flow
$2,511 income − $3,377 expenses = $866 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,000
Closing costs
1%
$4,200
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,511
Total Expenses
$3,377
Mortgage P&I
88%
$2,201
Property Taxes
6%
$144
Home Insurance
6%
$147
HOA
1%
$33
Property Management
12%
$301
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$276