This property looks like a bad Mid-Term investment with a projected -3.06% first-year return on $106k initial cash invested.
-3.06%
Cash On Cash
6.3%
Cap Rate
0.95
DSCR
$3,627
Rent
-$271
Cashflow
Cash Flow
$3,627 income − $3,898 expenses = $271 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,940
Closing costs
1%
$4,197
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,627
Total Expenses
$3,898
Mortgage P&I
64%
$2,330
Property Taxes
5%
$193
Home Insurance
4%
$142
HOA
0%
$0
Property Management
12%
$435
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$399