This property looks like a bad Mid-Term investment with a projected -5.94% first-year return on $106k initial cash invested.
-5.94%
Cash On Cash
5.31%
Cap Rate
0.83
DSCR
$3,772
Rent
-$526
Cashflow
Cash Flow
$3,772 income − $4,298 expenses = $526 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,772
Total Expenses
$4,298
Mortgage P&I
59%
$2,233
Property Taxes
17%
$624
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$453
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$415