This property looks like a bad Mid-Term investment with a projected -4.5% first-year return on $106k initial cash invested.
-4.5%
Cash On Cash
5.85%
Cap Rate
0.89
DSCR
$3,606
Rent
-$398
Cashflow
Cash Flow
$3,606 income − $4,004 expenses = $398 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,606
Total Expenses
$4,004
Mortgage P&I
64%
$2,302
Property Taxes
9%
$329
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$433
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$397