This property looks like a bad Mid-Term investment with a projected -1.92% first-year return on $106k initial cash invested.
-1.92%
Cash On Cash
6.51%
Cap Rate
0.99
DSCR
$3,896
Rent
-$169
Cashflow
Cash Flow
$3,896 income − $4,065 expenses = $169 out of pocket
Investment Breakdown
|
Purchase Price
$417k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,420
Closing costs
1%
$4,171
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,896
Total Expenses
$4,065
Mortgage P&I
58%
$2,276
Property Taxes
7%
$255
Home Insurance
5%
$184
HOA
1%
$24
Property Management
12%
$468
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$429