This property looks like a bad Mid-Term investment with a projected -0.63% first-year return on $106k initial cash invested.
-0.63%
Cash On Cash
6.53%
Cap Rate
1.04
DSCR
$3,830
Rent
-$56
Cashflow
Cash Flow
$3,830 income − $3,886 expenses = $56 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,960
Closing costs
1%
$4,198
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,830
Total Expenses
$3,886
Mortgage P&I
57%
$2,187
Property Taxes
6%
$248
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$460
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$421