This property looks like a bad Mid-Term investment with a projected -7.02% first-year return on $106k initial cash invested.
-7.02%
Cash On Cash
5.21%
Cap Rate
0.79
DSCR
$3,260
Rent
-$622
Cashflow
Cash Flow
$3,260 income − $3,882 expenses = $622 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,180
Closing costs
1%
$4,209
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,260
Total Expenses
$3,882
Mortgage P&I
71%
$2,318
Property Taxes
9%
$306
Home Insurance
5%
$150
HOA
0%
$0
Property Management
12%
$391
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$359