This property looks like a bad Mid-Term investment with a projected -6.23% first-year return on $106k initial cash invested.
-6.23%
Cash On Cash
5.44%
Cap Rate
0.82
DSCR
$3,240
Rent
-$553
Cashflow
Cash Flow
$3,240 income − $3,793 expenses = $553 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,240
Closing costs
1%
$4,212
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,240
Total Expenses
$3,793
Mortgage P&I
72%
$2,332
Property Taxes
6%
$205
Home Insurance
5%
$151
HOA
0%
$3
Property Management
12%
$389
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$356