This property looks like a bad Mid-Term investment with a projected -8.15% first-year return on $106k initial cash invested.
-8.15%
Cash On Cash
4.66%
Cap Rate
0.73
DSCR
$2,961
Rent
-$721
Cashflow
Cash Flow
$2,961 income − $3,682 expenses = $721 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,020
Closing costs
1%
$4,201
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,961
Total Expenses
$3,682
Mortgage P&I
76%
$2,236
Property Taxes
8%
$236
Home Insurance
5%
$149
HOA
2%
$55
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$326