This property looks like a bad Mid-Term investment with a projected -13.52% first-year return on $106k initial cash invested.
-13.52%
Cash On Cash
3.12%
Cap Rate
0.5
DSCR
$2,187
Rent
-$1,194
Cashflow
Cash Flow
$2,187 income − $3,381 expenses = $1,194 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,800
Closing costs
1%
$4,190
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,187
Total Expenses
$3,381
Mortgage P&I
100%
$2,195
Property Taxes
13%
$285
Home Insurance
7%
$158
HOA
0%
$0
Property Management
12%
$262
CapEx
4%
$87
Vacancy
3%
$66
Maintenance
4%
$87
Other
11%
$241