This property looks like a bad Mid-Term investment with a projected -0.97% first-year return on $106k initial cash invested.
-0.97%
Cash On Cash
6.53%
Cap Rate
1.03
DSCR
$3,792
Rent
-$86
Cashflow
Cash Flow
$3,792 income − $3,878 expenses = $86 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,220
Closing costs
1%
$4,211
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,792
Total Expenses
$3,878
Mortgage P&I
59%
$2,224
Property Taxes
6%
$217
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$455
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$417