This property looks like a bad Mid-Term investment with a projected -6.84% first-year return on $106k initial cash invested.
-6.84%
Cash On Cash
5.21%
Cap Rate
0.8
DSCR
$3,386
Rent
-$607
Cashflow
Cash Flow
$3,386 income − $3,993 expenses = $607 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,280
Closing costs
1%
$4,214
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,386
Total Expenses
$3,993
Mortgage P&I
68%
$2,303
Property Taxes
12%
$390
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$406
CapEx
4%
$135
Vacancy
3%
$102
Maintenance
4%
$135
Other
11%
$372