This property looks like a bad Mid-Term investment with a projected -7.19% first-year return on $106k initial cash invested.
-7.19%
Cash On Cash
5.03%
Cap Rate
0.78
DSCR
$3,216
Rent
-$635
Cashflow
Cash Flow
$3,216 income − $3,851 expenses = $635 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,820
Closing costs
1%
$4,191
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,216
Total Expenses
$3,851
Mortgage P&I
70%
$2,261
Property Taxes
11%
$360
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$386
CapEx
4%
$129
Vacancy
3%
$96
Maintenance
4%
$129
Other
11%
$354