This property looks like a bad Mid-Term investment with a projected -14.21% first-year return on $106k initial cash invested.
-14.21%
Cash On Cash
2.85%
Cap Rate
0.46
DSCR
$2,618
Rent
-$1,258
Cashflow
Cash Flow
$2,618 income − $3,876 expenses = $1,258 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,618
Total Expenses
$3,876
Mortgage P&I
82%
$2,151
Property Taxes
26%
$687
Home Insurance
6%
$147
HOA
0%
$0
Property Management
12%
$314
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$288