This property looks like a bad Mid-Term investment with a projected -7.03% first-year return on $106k initial cash invested.
-7.03%
Cash On Cash
4.88%
Cap Rate
0.77
DSCR
$2,984
Rent
-$622
Cashflow
Cash Flow
$2,984 income − $3,606 expenses = $622 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
$2,984
Total Expenses
$3,606
Mortgage P&I
74%
$2,212
Property Taxes
8%
$233
Home Insurance
5%
$147
HOA
0%
$0
Property Management
12%
$358
CapEx
4%
$119
Vacancy
3%
$90
Maintenance
4%
$119
Other
11%
$328