This property looks like a bad Mid-Term investment with a projected -16.74% first-year return on $106k initial cash invested.
-16.74%
Cash On Cash
2.66%
Cap Rate
0.4
DSCR
$2,090
Rent
-$1,481
Cashflow
Cash Flow
$2,090 income − $3,571 expenses = $1,481 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%
$83,980
Closing costs
1%
$4,199
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,090
Total Expenses
$3,571
Mortgage P&I
111%
$2,327
Property Taxes
18%
$385
Home Insurance
7%
$147
HOA
0%
$0
Property Management
12%
$251
CapEx
4%
$84
Vacancy
3%
$63
Maintenance
4%
$84
Other
11%
$230