This property looks like a bad Mid-Term investment with a projected -1.14% first-year return on $106k initial cash invested.
-1.14%
Cash On Cash
6.74%
Cap Rate
1.02
DSCR
$3,939
Rent
-$101
Cashflow
Cash Flow
$3,939 income − $4,040 expenses = $101 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,939
Total Expenses
$4,040
Mortgage P&I
58%
$2,301
Property Taxes
6%
$242
Home Insurance
4%
$149
HOA
0%
$8
Property Management
12%
$473
CapEx
4%
$158
Vacancy
3%
$118
Maintenance
4%
$158
Other
11%
$433