This property looks like a bad Mid-Term investment with a projected -4.19% first-year return on $106k initial cash invested.
-4.19%
Cash On Cash
5.72%
Cap Rate
0.9
DSCR
$3,660
Rent
-$370
Cashflow
Cash Flow
$3,660 income − $4,030 expenses = $370 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,700
Closing costs
1%
$4,185
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,660
Total Expenses
$4,030
Mortgage P&I
61%
$2,219
Property Taxes
11%
$417
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$439
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$403