This property looks like a bad Mid-Term investment with a projected -5.18% first-year return on $106k initial cash invested.
-5.18%
Cash On Cash
5.58%
Cap Rate
0.86
DSCR
$3,598
Rent
-$459
Cashflow
Cash Flow
$3,598 income − $4,057 expenses = $459 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,160
Closing costs
1%
$4,208
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,598
Total Expenses
$4,057
Mortgage P&I
63%
$2,273
Property Taxes
11%
$411
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$432
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$396