This property looks like a bad Mid-Term investment with a projected -5.65% first-year return on $106k initial cash invested.
-5.65%
Cash On Cash
5.24%
Cap Rate
0.84
DSCR
$3,884
Rent
-$501
Cashflow
Cash Flow
$3,884 income − $4,385 expenses = $501 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,884
Total Expenses
$4,385
Mortgage P&I
56%
$2,187
Property Taxes
19%
$729
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$466
CapEx
4%
$155
Vacancy
3%
$117
Maintenance
4%
$155
Other
11%
$427