This property looks like a bad Mid-Term investment with a projected -0.81% first-year return on $106k initial cash invested.
-0.81%
Cash On Cash
6.9%
Cap Rate
1.05
DSCR
$4,605
Rent
-$72
Cashflow
Cash Flow
$4,605 income − $4,677 expenses = $72 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%
$84,060
Closing costs
1%
$4,203
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,605
Total Expenses
$4,677
Mortgage P&I
50%
$2,304
Property Taxes
14%
$658
Home Insurance
3%
$149
HOA
0%
$0
Property Management
12%
$553
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$507