This property looks like a bad Mid-Term investment with a projected -10% first-year return on $106k initial cash invested.
-10%
Cash On Cash
4.42%
Cap Rate
0.67
DSCR
$2,830
Rent
-$885
Cashflow
Cash Flow
$2,830 income − $3,715 expenses = $885 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%
$83,998
Closing costs
1%
$4,200
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,830
Total Expenses
$3,715
Mortgage P&I
82%
$2,320
Property Taxes
10%
$286
Home Insurance
5%
$147
HOA
0%
$0
Property Management
12%
$340
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311