This property looks like a bad Mid-Term investment with a projected -13.15% first-year return on $106k initial cash invested.
-13.15%
Cash On Cash
3.29%
Cap Rate
0.52
DSCR
$2,478
Rent
-$1,164
Cashflow
Cash Flow
$2,478 income − $3,642 expenses = $1,164 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,478
Total Expenses
$3,642
Mortgage P&I
89%
$2,216
Property Taxes
15%
$383
Home Insurance
8%
$201
HOA
0%
$0
Property Management
12%
$297
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$273