This property looks like a bad Mid-Term investment with a projected -6.7% first-year return on $106k initial cash invested.
-6.7%
Cash On Cash
4.97%
Cap Rate
0.79
DSCR
$3,368
Rent
-$593
Cashflow
Cash Flow
$3,368 income − $3,961 expenses = $593 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,368
Total Expenses
$3,961
Mortgage P&I
65%
$2,198
Property Taxes
14%
$471
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$404
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$370