This property looks like a bad Mid-Term investment with a projected -3.88% first-year return on $106k initial cash invested.
-3.88%
Cash On Cash
5.78%
Cap Rate
0.91
DSCR
$3,664
Rent
-$343
Cashflow
Cash Flow
$3,664 income − $4,007 expenses = $343 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,920
Closing costs
1%
$4,196
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,664
Total Expenses
$4,007
Mortgage P&I
60%
$2,216
Property Taxes
11%
$394
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$440
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$403