This property looks like a bad Mid-Term investment with a projected -2.61% first-year return on $106k initial cash invested.
-2.61%
Cash On Cash
6.46%
Cap Rate
0.97
DSCR
$4,011
Rent
-$231
Cashflow
Cash Flow
$4,011 income − $4,242 expenses = $231 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%
$83,920
Closing costs
1%
$4,196
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,011
Total Expenses
$4,242
Mortgage P&I
58%
$2,329
Property Taxes
10%
$400
Home Insurance
4%
$151
HOA
0%
$0
Property Management
12%
$481
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$441