This property looks like a bad Mid-Term investment with a projected -5.73% first-year return on $106k initial cash invested.
-5.73%
Cash On Cash
5.26%
Cap Rate
0.83
DSCR
$3,354
Rent
-$506
Cashflow
Cash Flow
$3,354 income − $3,860 expenses = $506 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,840
Closing costs
1%
$4,192
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,354
Total Expenses
$3,860
Mortgage P&I
66%
$2,208
Property Taxes
11%
$362
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$402
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369