This property looks like a bad Mid-Term investment with a projected -7.31% first-year return on $106k initial cash invested.
-7.31%
Cash On Cash
5.22%
Cap Rate
0.78
DSCR
$3,222
Rent
-$646
Cashflow
Cash Flow
$3,222 income − $3,868 expenses = $646 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,800
Closing costs
1%
$4,190
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,222
Total Expenses
$3,868
Mortgage P&I
73%
$2,339
Property Taxes
9%
$286
Home Insurance
5%
$147
HOA
0%
$0
Property Management
12%
$387
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$354