This property looks like a bad Mid-Term investment with a projected -5.63% first-year return on $106k initial cash invested.
-5.63%
Cash On Cash
5.47%
Cap Rate
0.84
DSCR
$3,662
Rent
-$499
Cashflow
Cash Flow
$3,662 income − $4,161 expenses = $499 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,662
Total Expenses
$4,161
Mortgage P&I
62%
$2,269
Property Taxes
14%
$498
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$439
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$403