This property looks like a bad Mid-Term investment with a projected -2.1% first-year return on $106k initial cash invested.
-2.1%
Cash On Cash
6.43%
Cap Rate
0.99
DSCR
$4,076
Rent
-$186
Cashflow
Cash Flow
$4,076 income − $4,262 expenses = $186 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,980
Closing costs
1%
$4,199
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,076
Total Expenses
$4,262
Mortgage P&I
56%
$2,273
Property Taxes
9%
$371
Home Insurance
4%
$147
HOA
2%
$86
Property Management
12%
$489
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$448