This property looks like a bad Mid-Term investment with a projected -6.12% first-year return on $106k initial cash invested.
-6.12%
Cash On Cash
5.57%
Cap Rate
0.82
DSCR
$3,178
Rent
-$540
Cashflow
Cash Flow
$3,178 income − $3,718 expenses = $540 out of pocket
Investment Breakdown
|
Purchase Price
$418k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,620
Closing costs
1%
$4,181
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,178
Total Expenses
$3,718
Mortgage P&I
74%
$2,352
Property Taxes
4%
$120
Home Insurance
5%
$149
HOA
1%
$17
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$350