This property looks like a bad Mid-Term investment with a projected -3.36% first-year return on $106k initial cash invested.
-3.36%
Cash On Cash
6.11%
Cap Rate
0.93
DSCR
$3,387
Rent
-$298
Cashflow
Cash Flow
$3,387 income − $3,685 expenses = $298 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,120
Closing costs
1%
$4,206
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,387
Total Expenses
$3,685
Mortgage P&I
68%
$2,305
Property Taxes
2%
$82
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$406
CapEx
4%
$135
Vacancy
3%
$102
Maintenance
4%
$135
Other
11%
$373