This property looks like a bad Mid-Term investment with a projected -9.5% first-year return on $106k initial cash invested.
-9.5%
Cash On Cash
4.33%
Cap Rate
0.67
DSCR
$2,577
Rent
-$841
Cashflow
Cash Flow
$2,577 income − $3,418 expenses = $841 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,577
Total Expenses
$3,418
Mortgage P&I
87%
$2,254
Property Taxes
6%
$142
Home Insurance
6%
$147
HOA
0%
$0
Property Management
12%
$309
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$283