This property looks like a bad Mid-Term investment with a projected -9.15% first-year return on $106k initial cash invested.
-9.15%
Cash On Cash
4.8%
Cap Rate
0.72
DSCR
$3,897
Rent
-$811
Cashflow
Cash Flow
$3,897 income − $4,708 expenses = $811 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,897
Total Expenses
$4,708
Mortgage P&I
60%
$2,338
Property Taxes
23%
$877
Home Insurance
3%
$136
HOA
1%
$31
Property Management
12%
$468
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$429