This property looks like a bad Mid-Term investment with a projected -7.5% first-year return on $106k initial cash invested.
-7.5%
Cash On Cash
5.12%
Cap Rate
0.77
DSCR
$3,111
Rent
-$663
Cashflow
Cash Flow
$3,111 income − $3,774 expenses = $663 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,900
Closing costs
1%
$4,195
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,111
Total Expenses
$3,774
Mortgage P&I
75%
$2,328
Property Taxes
8%
$240
Home Insurance
5%
$150
HOA
0%
$0
Property Management
12%
$373
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$342