This property looks like a bad Mid-Term investment with a projected -7.09% first-year return on $106k initial cash invested.
-7.09%
Cash On Cash
5.08%
Cap Rate
0.78
DSCR
$3,290
Rent
-$626
Cashflow
Cash Flow
$3,290 income − $3,916 expenses = $626 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,290
Total Expenses
$3,916
Mortgage P&I
69%
$2,268
Property Taxes
12%
$381
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$395
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$362