This property looks like a bad Mid-Term investment with a projected -3.13% first-year return on $106k initial cash invested.
-3.13%
Cash On Cash
6.02%
Cap Rate
0.94
DSCR
$3,778
Rent
-$276
Cashflow
Cash Flow
$3,778 income − $4,054 expenses = $276 out of pocket
Investment Breakdown
|
Purchase Price
$418k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,580
Closing costs
1%
$4,179
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,778
Total Expenses
$4,054
Mortgage P&I
59%
$2,221
Property Taxes
11%
$400
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$453
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$416