This property looks like a bad Mid-Term investment with a projected -5.28% first-year return on $106k initial cash invested.
-5.28%
Cash On Cash
5.3%
Cap Rate
0.84
DSCR
$2,991
Rent
-$465
Cashflow
Cash Flow
$2,991 income − $3,456 expenses = $465 out of pocket
Investment Breakdown
|
Purchase Price
$418k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,560
Closing costs
1%
$4,178
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,991
Total Expenses
$3,456
Mortgage P&I
73%
$2,189
Property Taxes
3%
$97
Home Insurance
5%
$152
HOA
0%
$0
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329