This property looks like a bad Mid-Term investment with a projected -7.02% first-year return on $106k initial cash invested.
-7.02%
Cash On Cash
5.09%
Cap Rate
0.78
DSCR
$2,932
Rent
-$618
Cashflow
Cash Flow
$2,932 income − $3,550 expenses = $618 out of pocket
Investment Breakdown
|
Purchase Price
$417k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,440
Closing costs
1%
$4,172
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,932
Total Expenses
$3,550
Mortgage P&I
77%
$2,271
Property Taxes
4%
$128
Home Insurance
5%
$154
HOA
0%
$0
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$323