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
5.69%
Cap Rate
0.85
DSCR
$3,910
Rent
-$505
Cashflow
Cash Flow
$3,910 income − $4,415 expenses = $505 out of pocket
Investment Breakdown
|
Purchase Price
$418k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,540
Closing costs
1%
$4,177
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,910
Total Expenses
$4,415
Mortgage P&I
60%
$2,329
Property Taxes
15%
$586
Home Insurance
4%
$149
HOA
1%
$23
Property Management
12%
$469
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$430