This property looks like a bad Mid-Term investment with a projected -7.17% first-year return on $106k initial cash invested.
-7.17%
Cash On Cash
5.19%
Cap Rate
0.79
DSCR
$3,714
Rent
-$634
Cashflow
Cash Flow
$3,714 income − $4,348 expenses = $634 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,880
Closing costs
1%
$4,194
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,714
Total Expenses
$4,348
Mortgage P&I
62%
$2,300
Property Taxes
11%
$400
Home Insurance
4%
$149
HOA
6%
$235
Property Management
12%
$446
CapEx
4%
$149
Vacancy
3%
$111
Maintenance
4%
$149
Other
11%
$409