This property looks like a bad Mid-Term investment with a projected -2.96% first-year return on $106k initial cash invested.
-2.96%
Cash On Cash
6.14%
Cap Rate
0.95
DSCR
$3,867
Rent
-$262
Cashflow
Cash Flow
$3,867 income − $4,129 expenses = $262 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,867
Total Expenses
$4,129
Mortgage P&I
58%
$2,257
Property Taxes
11%
$410
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$464
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$425