This property looks like a bad Mid-Term investment with a projected -7.16% first-year return on $106k initial cash invested.
-7.16%
Cash On Cash
5.2%
Cap Rate
0.78
DSCR
$3,159
Rent
-$634
Cashflow
Cash Flow
$3,159 income − $3,793 expenses = $634 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,159
Total Expenses
$3,793
Mortgage P&I
74%
$2,328
Property Taxes
8%
$245
Home Insurance
5%
$147
HOA
0%
$0
Property Management
12%
$379
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$347